Wait | 17 March 2020

17 March 2020, USD/JPY

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Wave Analysis

Nothing much appears to be happening on this pair, yesterday, we expected a possible break below the level 106.020 to trigger a possible continuation to the lower side but as it is now, this pair is yet to make any serious moves as expected, we are still hopeful, we are expecting a possible break below 106.020 to pick a long term sell order with an ultimate target around 103.130. If you are looking at this chart now, we recommend you remain on the sidelines expecting a possible decline below 105.610.

Trade Recommendations:

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Bob Stan
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