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USD/JPY: wave analysis on 23.06.2015

The pair is still likely to fall. Supposedly, the third wave of bearish trend continues to develop currently. Apparently, the third wave iii has started developing locally with a local correction in a form of a wave (ii) of iii finishing within. If this assumption is correct and the price does not break the critical level 124.45, the pair will continue to decline to a level of 120.35. 

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