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    USD/JPY: wave analysis on 20.04.2015

    The pair continues to decline.

    The formation of the “bearish” correction of the senior wave level as the wave 4 continues. Within this wave a wave in the shape of a zigzag (a)(b)(c) is being formed. Locally, it seems that the wave (c) is being developed. If this assumption is correct and the price does not break down the critical level of 120.83, it makes sense to expect that the decline in the pair will continue up to 116.80.


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