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The wave iii of the upward momentum is expected

27 July 2016, USD/JPY

The wave ii took the form of a simple Zigzag, and completed its development during the yesterday's trading session. Immediately after the completion of zigzag, the pair has started an abrupt growth. So, probably, formation of the wave iii has started. For this reason, I'be opened a Buy trade. There is a good potential for upward price movement, so you should look at buying options.

Vasiliy Lukin
FreshForex Analyst
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