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Impulse decline of the pair is expected

05 May 2015, USD/JPY

As of now, US dollar is still taking control over the situation but we think it is a temporarily situation and is caused by a developing correction in the wave 2 of [3] descending impulse.

Thus, impulse decline is expected to renew soon.

These very expectations worked when we open Sell transaction. If support level is broken, I will try to add one more short position.

Impulse decline of the pair is expected

Vasiliy Lukin
Analyst of «FreshForex» company
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