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An ascending impulse is expected to develop

13 May 2016, USD/JPY

Buyers appear to have decided to postpone development of the final fifth wave of the rising impulse. Probably, the present correction is caused by development of the fourth wave.

The pair is expected to continue to move up to finish the emerging impulse. For this reason, my opened Buy trade is still in operation. It was transferred into a profitable Stop Loss.

An ascending impulse is expected to develop

Vasiliy Lukin
FreshForex Analyst
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