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    USD/JPY: wave analysis on 11.11.2015

    A decline is possible.

    Assumingly, an upward correction as wave B within the fourth wave has finished forming. At present, the last wave (c) of y of B seems to have finished forming and taken the shape of an impetus with the truncated fifth wave. Is the assumption is correct, a decline to the level of 120.24 is to be expected. A critical for this scenario is the level of 123.44.

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