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    USD/JPY: wave analysis on 01.02.2016

    An upward trend is strong.

    Wave C of 4 within a large correction has formed. At present, a starting impulse in the first wave 1 within the fifth wave (5) of the senior level seems to be forming. If the assumption is correct and the price does not break down the critical level of 120.10, the pair continues growing towards 122.40.

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