Wait | 30 January 2019

30 January 2019, USD/JPY

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Wave Analysis:

The US Dollar continues to edge to the lowerside but is still above the weekly support level 108.579. This is a key level and as long as the price does not break below it, this is a good buy place. A break below will mean, wait for a clear confirmation that we're sellers with our target at 107.030 and the next at 104.60. And on the bullish side, a bounce from 108.579, will attract a buy position towards 110.630, and the next target at 113.980. A break above this target will culminate into an impulsive wave count towards 117.830 and the next at 121.00

Trade Recommendations:

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BECOME FRESHFOREX ANALYST!

Bob Stan
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