Main Quotes Calendar Forum
flag

FX.co ★ Wave analysis of USD/JPY for May 27, 2010

parent
Forex Analysis:::2010-05-27T12:00:00

Wave analysis of USD/JPY for May 27, 2010

Wave analysis of USD/JPY for May 27, 2010

Over the last 24 hours USD_JPY's price has almost remained the same, consolidating around the level of 90,30. Judging by the previous statistics it can be assumed that that the yen again is accumulating potential for a further move. Although, the direction of the movement today is ambiguous. So, there are almost equal chances for the price uprise to the area of c-wave in the expected 2nd wave as well as for the continuation of a falling trend which in this case can develop into a continuing solidifying of the Japanese currency.

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...