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USD/JPY: wave analysis on 24.03.2015

The formation of the fifth wave under a long-term bullish impetus is going on. Apparently, the fourth wave (iv) of v of 3 has finished locally and the fifth wave (v) has started to form. If this assumption is correct and the price does not break the critical level 119.30, the pair will continue to rise to the levels at 122.85 - 124.00 within an upward trend.

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