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    USD/JPY: Wave analysis on 24.02.2015

    The formation of the fifth wave under long-term bullish impetus is going on. Apparently, a counter-trend impetus in a form of first wave (i) along with correction (ii) has formed locally. If this assumption is correct and the price does not consolidate below a level of 118.19, the pair will continue to rise to a level of 123.50 within an upward trend.

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