RBI announces Measures for Development of Fixed Income and Currency Markets

The Reserve Bank of India today announced a package of measures for the development of fixed income and currency markets. These measures are intended to further market development, enhance participation, facilitate greater market liquidity and im…

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Wave analysis – Waiting for the bullish miracle

USDJPY – DownAs long as the price is not able to update the Low, I am in favor in bullish version of the situation, but buying is not desirable, because we do not know long this pair will stay as is. In this situation, the best solution would be to set a Buy pending order around 100.70. On strong movement we will safely enter in the direction of the emerging movement. Thus, in the near future I expect impulse growth of the pair boosted by the wave [iii] of the wedge.
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