For Traders

Analytical Reviews

Wave analysis

06.07.201015:00 Forex Analysis & Reviews: Wave analysis of USD/JPY for July 6, 2010

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Yesterday’s slow deals on currency markets did not allow the USD/JPY price neither develop correctional rollback upwards nor continue the decline in the direction of earlier reached lows around the mark of 87.00. Thus, the existing situation allows any prospect of the price movement from current levels. At the same time, the wave 5 in 3 still looks uncompleted and the indicators pass into zero position.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.