Forex4you

USD/JPY Wave Analysis (September, 15 2009)

Wave analysis

Technical analysis

Fundamental analysis

Complex analysis

   The wave structure in the supposed C looks unfinished. Probably, after the end of the current correction retreat, another testing-out of the level 90.10 will follow. And the price can perform its u-turn both right from that mark and subside right until 88.00. Near this price level the wave-length alignment of A and C will be equal to 1.618. At present moment a depth and duration of supposed 4th wave is open question. Indicators looks as quite oversold and gives a signal of possibility for soon market u-turn in favor of dollar.

Analysis prepared by:

Maxim Dmitrievsky
Forex4you analyst