InstaForex - Analytics


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    USD/JPY Wave Structure for Long Term


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    105.20 broken is a key head and shoulders exit potential, graphical support fibonacci retracement & extension level. Breaking this level has opened a drop to the next fibonacci support (50%) at 100.70 first.

    Trading recommendations:

    Sell now

    Take profit at 100.70

    Stop loss at 109.55

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