FX.co ★ Wave Analysis of the USD/JPY for November 05, 2010

The USD/JPY continues forming the first waves of the coming down-directed area within the 3d wave in the 5th one. Amid this it can be supposed that the first wave in the 3d one in the 5th is already over after a backtrack within the 2d (in the 3d). The yen can continue the consolidation process towards the levels below the historical minimum - 79,75.