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    USD/JPY: wave analysis on 23.07.2015

    The pair is in the correction.

    Assumingly, a starting impetus as the first wave (i) within the third wave iii of 5 of the senior level has formed. Locally, a formation of a downward correction towards 38-50%, 123.00-122.00 has started. The critical to this scenario is the level of 124.50.

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