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Impulse growth

06 July 2016, USD/JPY

The pair is slowly but surely moving down. So far, this movement seems to be correction, so our wave frame and expectations remain the same. Based on this scenario the upward momentum is being emerged.

Drop supposedly has a corrective nature. In the near future we expect start of the ipulse growth. However, to enter we need a better position (update of a local High by the price).

Vasiliy Lukin
Analyst of «FreshForex» company
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