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USD/JPY Wave Analysis (August, 31 2009)

Wave analysis

Technical analysis

Fundamental analysis

Complex analysis

   On a pair USD_JPY well interesting picture established, which suggests both downward trend continuation and further development of correction structure ABC, in the limits of supposed 2nd (or B) wave. In case of downward movement continuation, a first waves can be formed in supposed 3rd (or C) of this DOWN-trend. In order to make decisions about enter on a market, we should manifest a certain degree of cautious, In case of short-position opening a stop-loss viewed near 94.05.

Analysis prepared by:

Maxim Dmitrievsky
Forex4you analyst