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    USD/JPY: wave analysis on 05.01.2015

    The correction has ended. The pair is going to rise.

    Presumably, the first impetus (i) of v has ended within the fifth wave v of 3, as well as a correction of the second wave (ii). The next step is the formation of the third wave (iii) of v. If the assumption is correct, the pair will continue to rise up to the level of 123.50. Critical level is 118.80. 

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