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FX.co ★ The USD/JPY wave analysis for December 29, 2010

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Forex Analysis:::2010-12-29T10:31:14

The USD/JPY wave analysis for December 29, 2010

The USD/JPY wave analysis for December 29, 2010

The USD/JPY pair collapse and testing of correction level 61.8%, calculated according to the November-December uptrend, supposes that the 3rd (or c) wave has formed within the downside section after December 15. As a result, the price might start advancing in favor of the dollar either from current levels, or after another attempt to test the 81.85 level.

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