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Short positions are still relevant

Short positions are still relevant | 14 January 2016

14 January 2016, USD/JPY

The considered pair apparently continued development of the descending impulse. Our scenario has not been implemented yet.

Currently, we assume that the fifth wave in the wave iii is being formed.

If this assumption is correct, in the future we can expect continuation of decline of the pair within the framework of this scenario.

Short positions are still relevant

Vasiliy Lukin
FreshForex Analyst
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