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It is time for a small correction

04 February 2016, USD/JPY

Expectations of correction were not justified.

Sellers did not shelve the business and attacked their opponents.

As a result, a strong impulse decline took place which is linked to development of the wave i of [iii].

Thus, in the near future, we expect a corrective pullback, although the wave [ii] can take a more complex shape than single zigzag

It is time for a small correction

Vasiliy Lukin
Analyst of «FreshForex» company
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