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Still hanging in the fourth wave?

Still hanging in the fourth wave? | 27 January 2016

27 January 2016, USD/JPY

Having demonstrated a good movement, the pair has calmed down in the flat.

It is caused by development of the wave of iv downward momentum.

If this assumption is correct, in the near future we can expect continuation in a certain flat movement.

In current situation it is better refrain from trading, because there is no determined movement.

Still hanging in the fourth wave?

Vasiliy Lukin
FreshForex Analyst
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