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    USD/JPY: wave analysis on 06.05.2015

    Presumably, the formation of the wave C of the zigzag continues in the fourth wave of the senior level. At the moment, it seems that the formation of the local correction in the wave (ii) has completed. If this assumption is correct, it is likely that the pair will continue to decline to 117.70-116.80 in the third wave (iii).

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