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Descending impulse is expected

06 July 2015, USD/JPY

Descending impulse is expected

Nothing exceptional happened with the pair.

The pair started to limp slightly and it can turn out to be the beginning of formation of the wave 3 of a descending impulse.

So, If our assumption is correct, in the nearest time we will see renewal of impulse decline within the frames if a considered bearish scenario.

Descending impulse is expected .

Vasiliy Lukin
Analyst of «FreshForex» company
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