Wait | 18 March 2020

18 March 2020, USD/JPY

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Wave Analysis

During the previous trading days, the Us Dollar has been upwards. This upward rally is the continuation of the corrective three wave cycle and could see price break above 108.860 towards 112.120. If you are looking at this chart now, either remain flat, expecting a possible break below, or remain long temporarily expecting a possible bullish price rally towards 109.675. This view will only be rendered futile in case the price breaks below the previous day's lowest low, if this is the case, then a momentum to the lower side is expected.

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Bob Stan
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