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FX.co ★ USD/JPY wave analysis for 3 June 2010

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Forex Analysis:::2010-06-03T12:00:00

USD/JPY wave analysis for 3 June 2010

USD/JPY wave analysis for 3 June 2010

As it was predicted, having finished the formation of the 4th wave (in the expected 2nd) the price of USD/JPY refreshed uprising movement in favor of the US dollar. Judging by the inner dimension of с wave, estimated targets for it can be within the levels of 93.00 – 94.00. At the same time, the appeared MACD divergence attracts attention, it signals about the coming slump of quotations likely after reaching above-mentioned targets.

Analyst InstaForex
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