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FX.co ★ USD/JPY wave analysis for March 10, 2011

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Forex Analysis:::2011-03-10T11:23:09

USD/JPY wave analysis for March 10, 2011

USD/JPY wave analysis for March 10, 2011

The USD/JPY currency pair has made an attempt to complete the wave of current upside correction near the 82.94 level. At the same time, given the correlation between a and c waves, there is still a possibility of resuming growth to the 83.00 level. In the meantime, given the MACD divergence, the yen can resume the process of recovering from current positions. 

Analyst InstaForex
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