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The correctional wave 2 is coming

20 July 2016, USD/JPY

The current picture is uncertain. The reason for that is the emerging correction caused by the wave 2. Since these waves are not finished, in future we expect a slight drop and then an abrupt impulse surge will be resumed. For a safer entry, I recommended using a pending (buy stop) Buy order set at High. This will allow to get to the beginning of the impulse third wave and avoid loss due to the fast opening of trading positions.

Vasiliy Lukin
FreshForex Analyst
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