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    USD/JPY: wave analysis on 03.02.2015

    A fourth triangle-shaped wave iv of 3 is developing against a backdrop of prolonged sideways movement on H4 and daily timeframes. Locally, apparently, the wave (e) of iv is finishing. If this assumption is correct and the price does not break the critical level 115.80, the pair will continue to rise to a level of 123.50 within a local uptrend.

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