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Ready to continue growth

01 September 2016, USD/JPY

This pair is moving in range of expectation.

Pair has not fast but confident rise and achieve new price levels.

Supposedly in this moment we are observe forming extension of the wave iii, rising impulse in which development of 3 wave has finished.

Price slightly decrease probably has correction in the range of developing wave 4 of iii.

So increasing impulse hasn’t finished yet. In the nearest future it is possible to pair growth in the range of consider impulse.

So when the local maximum would be renew it would be possible to open extra deals on buy.

USD\JPY. Pair is ready for continue rising.

Vasiliy Lukin
Analyst of «FreshForex» company
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