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Decline will continue

Decline will continue | 21 January 2016

21 January 2016, USD/JPY

The considered pair remains under the control of sellers.

While bulls already begin to wake up and show motr resistance.

However, the downward momentum still looks not complete because the final wave v lacks now.

Thus, in the near future we expect a continued drop of the pair due to formation of the descending impulse wave v

Decline will continue

Vasiliy Lukin
FreshForex Analyst
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