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USD/JPY: wave analysis on 01.03.2016

A downward trend is strong.

Assumingly, a downward impulse in the third wave of the senior level continues forming. At present, an upward correction within the fourth wave (iv) of iii that presumably took shape of a flat seems to have formed. If the assumption is correct, the fifth wave (v) has started and the price is expected to fall to 108.00, 107.00. Critical for this scenario is the level of 114.93.



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