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FX.co ★ Wave analysis of the USD/JPY for October 25, 2010

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Forex Analysis:::2010-10-25T07:43:58

Wave analysis of the USD/JPY for October 25, 2010

Wave analysis of the USD/JPY for October 25, 2010

Despite an excessive volatility the USD/JPY continues its movement in a horizontal band. Amid this quite probable that the last Wednesday (80,80) can become a finish of the 3d wave (in the 5th). If so then there are reasons to wait for continuation of the 4th wave in the 5th. That is why the first target of the current dollar uptrend can be the Fibonacci correction level 38,2% near the 82d figure.

Analyst InstaForex
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