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Decline is still expected

29 April 2015, USD/JPY

The pair has reached support level and still sticks to this line. It is obvious that it does not have enough potential to move further.

Meanwhile everything looks like in the nearest time it will be pushed to drop further. This decline will be associated with development of the wave [3] of the emerging descending impulse.

We are still keeping the opened trade!

Decline is still expected

Roman Petukhov
FreshForex Analyst
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