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Still falling

21 June 2016, USD/JPY

Perhaps, within the wave iii of [c] the impulse is being formed, inside which the fourth wave is developing. If this assumption is correct, in the near future we can expect a deeper drop to complete the wave iii of [c]. But this downward movement will not be completed, because it needs two more waves iv and v of [c] of y.

Therefore, the sale is the best option.

Still falling

Vasiliy Lukin
FreshForex Analyst
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