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An impulse decline of the pair is expected

24 April 2015, USD/JPY

An impulse decline of the pair is expected US dollar started to retreat though this step is rather slow now. The time has come for Japanese currency to take more decisive actions! It is possible that today we will see an abrupt impulse movement down which is associated with emergence of a descending impulse in the wave [3]. So I continue to prepare a Sell transaction. Once a local Low is broken, there will be a sense to add.

Vasiliy Lukin
FreshForex Analyst
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