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FX.co ★ Wave analysis of USD/JPY for May 12, 2010

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Forex Analysis:::2010-05-12T12:00:00

Wave analysis of USD/JPY for May 12, 2010

Wave analysis of USD/JPY for May 12, 2010

The hit correctional level of 76.4% and a vivid enough correctional structure in the abc waves allow a possibility of the pair price falling continuation. If this supposition confirms, in the near term we can expect the development of a rather prolonged declining trend with a probable first wave minimum from May 6, 2010.

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