The pair is currently in wave 4 formation in a down trend movement. There is a chance for advancement in wave 5.

Sell below: 132.70

Stop loss: Above 134:35 (The setup will be invalid at price beyond this level)

Take profit (At wave 5): 129:50

Fundamentals
Sentiment is currently in risk off which favor strength in YEN against other major pairs.
Technical IndicatorsriskoffTrend AnalysisWave Analysisyen

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