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USD/JPY: wave analysis on 13.03.2015

The formation of the fifth wave under long-term bullish impetus is going on. The third wave (iii) of V is developing locally. Supposedly, local correction in a form of fourth wave iv of (iii) has come to an end within it.  If this assumption is correct and the price does not break the critical level of 120.50, the pair will continue to rise to the levels 122.80 – 124.00.

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