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We still expect impulse decline

02 June 2015, USD/JPY

We still expect impulse decline

Bulls continue to put spokes in wheel of bears fiercly.

Yesterday a new price High was updated.

It is quite probable that this growth led to formation of a new ascending impulse.

So, it can turn out that development of ascending impulse is over at this point and in the nearest time we will face reversal and impulse decline.

We still expect impulse decline

analytic
FreshForex Analyst
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