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Situation thickens to a greater extent

10 July 2015, USD/JPY

This pair again shows some strange moves.

One would think that bears have finally taken everything over but purchases changed it and led to some growth.

Certainly, it can be connected to development of one more wave 1-2 and in this case descending movement can turn out to be rather strong. But as long as we have no proof of that, we have to stay aside and keep watching.

Situation thickens to a greater extent.

Vasiliy Lukin
Analyst of «FreshForex» company
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