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Because of the activity in European currency pairs, the situation with Yen is also quite complicated. Consequently, there is a risk that the price may have completed the zigzag in the wave 4, which means that the fourth wave itself may yet continue. If later the pair forms the long flat, it may form the wave [iv] and continue growing in the wave [v]. If the market falls much deeper and breaks the maximum of the wave [i] or [a], the correction on the major wave level may continue.
