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USD/JPY: wave analysis on 02.06.2015

Supposedly, a bullish impetus within the fifth wave continues to form. Apparently, an extension in the third wave (iii) of 5 is developing locally. If the presumption is correct, the pair will continue to grow to the levels 125.60–127.00. The level of 123.70 is critical in this scenario as the breakout will enable the pair to continue declining to the levels 122.00–120.00.

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