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The wave iv is evolving

The wave iv is evolving | 26 January 2016

26 January 2016, USD/JPY

We assume that the considered pair is going through correction caused by the wave iv.

This wave is still at the initial stage of its development, so we expect an extended correction.

The price will be based within the corridor which we cannot determine yet.

So at the moment it is better to give up any active actions and monitor developments from outside

The wave iv is evolving

Vasiliy Lukin
FreshForex Analyst
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