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USD/JPY: wave analysis on 18.08.2015

A growth possibility remains.

Assumingly, a formation of the third wave (iii) continues, within which the first wave has formed and a local correction in a form of wave ii of (iii) has probably finished. If the assumption is correct and the price does not break a critical level 123.00, the pair continues growing towards 127.50. Otherwise, the pair falls to 122.00, 120.00.

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