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Purchases inside the third pulse wave

12 August 2016, USD/JPY

The situation on considered pair remains is favorable for the buyers. Sellers did not manage to push the price below a critical level. As a result, the price chose to grow again. It is possible that the observed upward movement is caused by f the ascending impulse wave 3.

Since the price has not gone so far, it is worth trying to buy with a caution with a stop loss set at the local Low.

Vasiliy Lukin
FreshForex Analyst
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