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FX.co ★ USD/JPY wave analysis for March 9, 2011

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Forex Analysis:::2011-03-09T10:10:35

USD/JPY wave analysis for March 9, 2011

USD/JPY wave analysis for March 9, 2011

In general, as expected, the USD/JPY resumed upside movement in the direction of the 83.00 level. At the same time, in the framework of correction scenario yesterday’s advance is probably limited by its с wave range. If so, given possible equality of a and c waves, the advance might last up to the 83.40 level that almost corresponds with correction level 76.4%.

Analyst InstaForex
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