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    USD/JPY: wave analysis on 20.11.2015

    A decline is expected.

    Assumingly, an upward correction as wave B within the fourth wave (4) has finished forming. At present, wave c of B seems to have finished forming within which a completed impulse can be seen. If the assumption is correct, wave C of the senior level with the target levels of 118.00-116.00 has started forming. A critical for this scenario is the level of 123.80.

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