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We expect the wave iv to evolve

18 November 2015, USD/JPY

This pair follows our updated scenario.

Bulls counterattacked, which led to resumption of the upward momentum.

However, after reaching a local High, the price stopped. Perhaps, in the near future we'll see decline of the pair caused by a continued formation of the correctional wave iv.

Thus, in the near future we expected a continued development of correction within the above-mentioned formation of the correctional wave.

We expect  the wave iv to evolve

Vasiliy Lukin
FreshForex Analyst
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