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USD/JPY: Wave analysis on 20.03.2015

Supposedly, the formation of the fifth wave v within the third wave of a long-term bullish impetus is going on. Apparently, a local correction in a form of fourth wave (iv) has finished and the fifth wave (v) has started to form. If this assumption is correct and the price does not break the critical level 119.32, the pair will continue to rise to the levels 122.80-124.00.

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