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FX.co ★ USD/JPY wave analysis for February 2, 2011

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Forex Analysis:::2011-02-02T10:29:21

USD/JPY wave analysis for February 2, 2011

USD/JPY wave analysis for February 2, 2011

Yesterday the USD/JPY price declined further by 80 basic points and stopped at the correction level 88.6%. At the same time, if overcoming the December 13 low 80.97 is still questionable, decline to 81.20 – 81.15, which is equal to the parity of the A and C correction structure, developed since January 7, is still possible.

Analyst InstaForex
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