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FX.co ★ USD/JPY wave analysis for September 8, 2011

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Forex Analysis:::2011-09-08T09:33:59

USD/JPY wave analysis for September 8, 2011

USD/JPY wave analysis for September 8, 2011

In general, as expected, yesterday the USD/JPY started to decline from the 77.72 level reached on Tuesday, thus probably forming a wave structure in the contents of abc waves within the future d wave. If so, the currency pair might continue declining to the lower limit of the horizontal corridor that coincides with the 76.50 at the moment.

Analyst InstaForex
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