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Impulse growth can start

03 August 2016, USD/JPY

The price thus made a deeper correction than we expected. However, the critical level has not been crossed yet and it gives a chance for resumption of impulse growth, in which the wave will iii of the upward impulse will be formed. Anticipating this movement, I've put a Buy pending order on the local High not to miss a strong upward movement, if it takes place, as well as to avoid damages my speculation regarding growth of the pair is erroneous.

Vasiliy Lukin
FreshForex Analyst
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