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Expecting the wave ii to develop

Expecting the wave ii to develop | 23 May 2016

23 May 2016, USD/JPY

Although the impulse structure looks fully completed, buyers can make an unexpected surge, thereby having knocked the first sellers out. For this reason, I would recommend to wait with Sales or until the situation becomes even more clear.

I am still stick to the plan with development of the ascending impulse, which currently starts development of the correctional wave ii

Vasiliy Lukin
FreshForex Analyst
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