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    USD/JPY: wave analysis on 15.04.2015

    The pair is under correction.

    The bearish correction of senior wave level continues to form as wave 4, within which the wave a has started to form as zigzag (a)(b)(c).  Apparently, the fifth wave (c) has started to develop locally. If this assumption is correct and the price does not break the critical level 120.83, the pair will logically continue to decline to the level of 116.80.

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