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Business / Finance

Technical analysis of USD/JPY. Is expected to decline in the development of wave [v] of the wedge.

FreshForex news RSS 09.09.2019 at 03:05

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USDJPY - Down

Week for the us currency was not easy. But if in the case of the Euro and the pound had to make some concessions, then against the Japanese yen, the dollar was unmoved. Thus the emerging picture still has chances to turn into a bear.

this is Due to the fact that earlier it was probably completed formation of the correctional wave [iv] initial diagonal triangle. If this assumption is correct, then later we can expect the resumption of decrease in pair within the development of wave [v].

Trade recommendation in this regard as follows: sell 106.80, stop loss of 107.00 and take profit 103.50.

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