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    USD/JPY: wave analysis on 23.04.2015

    Correction has completed, the pair is likely to decline.

    The formation of the zigzag (a)(b)(c) continues in the wave а of 4. Locally, it is possible that the wave (c) is being formed, within which the first and the second waves of the junior level has developed. If this assumption is correct, and the price does not break down the critical level of 120.85, the pair may continue to decline to 116.80.

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