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Anticipating a corrective decline

25 July 2016, USD/JPY

At the moment correction is taking the form of a simple Zigzag. Probably in this zigzag, the two waves out of the three were formed. So in the near future the final third wave will develop, which probably will not take a long time. So, I've opened a Sell trade with a stop loss set at a local Low. Now we have to patiently wait for the market solutions.

Vasiliy Lukin
FreshForex Analyst
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