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An ambiguous situation

31 May 2016, USD/JPY

Following to a supposedly completed development of the wave ii, the price began to rise, probably that was boosted by development of the next third impulse wave. In this situation, the purchase is the best option with a Stop Loss set at the local Low.

But we do not exclude the end of the wave i. In this case, the price may begin a drop within the frames of correction.

Vasiliy Lukin
Analyst of «FreshForex» company
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