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An ascending impulse is still developing

14 July 2016, USD/JPY

We assume that at the moment the price is developing extension in the wave iii of the rising impulse. After a small correction boosted by the wave 2 of iii, the pair has started to growth once again. The price is likely to develop the wave, so there is a very good opportunity to capitalize on growth. The earlier open Buy trades are already in the black, so we can look for opportunities to open more positions.

Vasiliy Lukin
FreshForex Analyst
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