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USD/JPY: Wave analysis on 02.03.2015

The formation of the fifth wave under long-term bullish impetus is going on. Apparently, the correction in a form of wave (ii) has finished locally and the third wave (iii) of v has started to form. If this assumption is correct and the price does not break the critical level 118.20, the pair will continue to rise to a level of 123.50 within an upward trend.

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