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Correctional growth

08 April 2016, USD/JPY

This pair performed as we expected.

The pair continued to decline. This drop is likely to have the impulse character.

At this point, perhaps, the price has completed development of the wave iii of downward momentum.

The supposed wave [v] will take the shape of final diagonal triangle and then will move up under correction.

In the future, I expect a continued correction, which form will be more clear over time

Correctional growth

Vasiliy Lukin
Analyst of «FreshForex» company
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