RSS USD/JPY: Elliott Wave Analysis and Forecast for 06.12.24 – 13.12.24

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 RSS USD/JPY: Elliott Wave Analysis and Forecast for 06.12.24 – 13.12.24

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Major Takeaways Main scenario: Consider short positions from corrections below the level of 152.30 with a target of 141.65 – 138.08. A sell signal: the price holds below 152.30. Stop Loss: above 152.60, Take Profit: 141.65 – 138.08. Alternative scenario: Breakout and consolidation above the level of 152.30 will allow the pair to continue rising to the levels of 154.00 – 155.80. A buy signal: the level of 152.30 is broken to the upside. Stop Loss: below 152.00, Take Profit: 154.00 – 155.80. Main Scenario Consider short positions from corrections below the level of 152.30 with a target of 141.65... Read full author’s opinion and review in blog of #LiteFinance
 
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