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US dollar is to continue strengthening against the yen

15 July 2016, USD/JPY

We assume at the moment the price is developing the ascending impulse, namely the wave iii, which probably has formed elongated. Inside the indicated elongation we see development of the third wave 3. Thus, the pair has a very good potential for impulse upward movement, so here we should look at buying. To open a position, we can enter on the market either use a pending order set on the local High.

Vasiliy Lukin
FreshForex Analyst
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