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Outcome is getting closer

Outcome is getting closer | 18 August 2016

18 August 2016, USD/JPY

Sellers struggled to squeeze the price as low as possible but consolidation below 100.00 has failed. Buyers can take avail from hesitation of the price to start moving it upward, thereby developing the wedge, or to be precise, its third wave. However, entering is risky now, and it is better to wait when the price starts to move along a certain way.

Vasiliy Lukin
FreshForex Analyst
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