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The pair is ready to decline

06 April 2016, USD/JPY

After a slight update of Low, the pair stopped and after that it had been standing still to the end of the trading day.

However, the wave pattern indicates that in the future the pair has a potential for a deeper drop under the descending impulse wave [v].

Thus, sales for this pair are the best option to generate a profit.

The alternative options for this pair are not available yet, since the price continue to decline. Though the price is standing at the level, from which it may bounce upwards.

Therefore, we cannot neglect a protective Stop Loss, the main thing to find the right level for Stop Loss

The pair is ready to decline

Vasiliy Lukin
Analyst of «FreshForex» company
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