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    USD/JPY: wave analysis on 27.05.2015

    The pair continues growing and we can suppose that a bullish impetus is developing with the third wave iii of 5 developing within. If this assumption is correct, the pair will go on growing to a level of 124.50. The level of 120.66 is critical in this scenario as the breakout will enable the pair to continue declining to the levels 119.00– 118.00.

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