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Is the pair going to the third wave?

17 August 2016, USD/JPY

The Japanese currency had been dominating over the 2 weeks but the pair could not consolidate below 100.00 It started to rebound indicating the possibility of growth. Based on the wave picture, it is possible that at the moment, we are witnessing birth of the wave [iii] of the wedge.

So, if this assumption is true, in the future we can expect continuation of growth within the specified model.

Vasiliy Lukin
Analyst of «FreshForex» company
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