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    USD/JPY: wave analysis on 01.04.2015

    The pair is under correction.

    Supposedly, a bearish correction is forming at the senior wave level. Apparently, the wave a of 4 is forming locally. A zigzag (a)(b)(c) is expected to develop within it. If this assumption is correct and the price does not break the critical level 120.40, the pair will continue to decline to a level of 116.80. 

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