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Further decline is expected

08 July 2015, USD/JPY

Further decline is expected

Our expectations and scenario on this pair remain the same.

Bears are taking over the initiative again, thereby forcing the pair to fall down gradually.

This way the wave 3 of [3] of a descending impulse is being formed.

If our assumption is correct, in the nearest time we expect an abrupt and durable decline of the pair.

Further decline is expected.

Vasiliy Lukin
FreshForex Analyst
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