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FX.co ★ USD/JPY wave analysis. Week review

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Forex Analysis:::2011-07-04T09:07:32

USD/JPY wave analysis. Week review

USD/JPY wave analysis. Week review

Another attempt of the USD/JPY to break the 81 figure level was not successful. At the same time the formed wave structure looks like a series of abc waves included in the future horizontal (diagonal) triangle. If so, the price still needs to form e and d waves of such triangle before possible beginning of a decline to a relevant support level 79.55.

Analyst InstaForex
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