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We continue buying

30 August 2016, USD/JPY

After an abrupt growth, the price took correction, where it still remains. At the moment, the wave iii of the rising impulse is being developing, which apparently will be extended. During this respite, we should be looking for opportunities to enter a long position either add new ones. The pair has clearly set to continue movement in the upward direction, which is expected to have an impulse character.

Thus, purchases are highly relevant now.

Vasiliy Lukin
FreshForex Analyst
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