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Impulse decline will continue

06 January 2016, USD/JPY

This pair continues development of the descending impulse, in which at the moment the wave iii is apparently being formed.

This wave still looks far from being completed, so in the future there will be a good potential for a further impulse decline of the price.

So, if this assumption is correct, in the future we expect continuation of the downward impulse wave iii.

Impulse decline will continue

Vasiliy Lukin
FreshForex Analyst
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