LiteForex - Analytics


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    USD/JPY: wave analysis on 10.02.2015

    Presumably, a breakdown of the upper line indicates that a triangle within the fourth wave iv of 3 has finished forming.  Apparently, a small counter-trend impetus in a form of the first wave is forming locally. If this assumption is correct and the price does not break the critical level 116.75, the pair will continue to rise to a level of 123.50 within an upward trend.


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