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EURJPY – Fifth wave is underway – August 26th, 2021

There’s a downward double zigzag, which is supposed to be the fourth wave of wave 1. Previously, we had a massive advance in wave ((iii)). In this case, the market should begin unfolding wave ((v)) of 1 in the coming days. Alternatively, wave ((iv)) might continue, which will lead to a few weeks of consolidation before wave ((v)) begins. The main critical level is 127.05.

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