Forex4you

USD/JPY Wave Analysis (September, 02 2009)

Wave analysis

Technical analysis

Fundamental analysis

Complex analysis

   USD_JPY pair remains into correction stage, with the market overall aim onto consolidation in favor of Yena. In the limits for forming of supposed C wave, Yena, probably, already formed wave 1 and right now performs correction before supposed cruise down. And targets in this case can lie near 91st or even 88th figure. Before opening short position the preferred solution is to wait for current correction finishing confirmation.

Analysis prepared by:

Maxim Dmitrievsky
Forex4you analyst