USDJPY – Down
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Wave Analysis:
During the previous trading day, the us dollar rallied to the upperside but is still below the level 133.736, this is a key level and while the price does not close above it, we are waiting for a rebound from it to pick a low risk sell position towards 130.941 and may break below it towards 129.534 and may continue much higher. On the flipside, should the price break and close above the level, 133.736, then further momentum upwards is expected.
Trade recommendations:
We’re waiting for a sell around 133.736 towards 130.941.
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