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USD/JPY: wave analysis on 13.08.2015

The pair still may grow.

Assumingly, the third wave (iii) continues forming, within which the first wave has formed and a local correction as wave ii of (iii) is forming. If the assumption is correct and the price does not break though the critical level of 123.00, the pair will continue growing to 127.50 when the correction finishes. If the critical level is broken down, the pair will further fall to 122.00-120.00.

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