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FX.co ★ The USD/JPY wave analysis for December 24, 2010.

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Forex Analysis:::2010-12-24T10:59:10

The USD/JPY wave analysis for December 24, 2010.

The USD/JPY wave analysis for December 24, 2010.

The USD/JPY pair trading was quite volatile which resulted in testing the 93.00 level. At the same time, wave e of the estimated triangular correction structure has become longer, which can allow the 4th wave to have more complex form. Simultaneously, strong MACD divergence supports the prediction that the price should go up.

Analyst InstaForex
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