FX.co ★ The USD/JPY wave analysis for December 30, 2010

Highly dynamical decrease of the USD/JPY pair allowed the price to fall even deeper than expected. At the same time, in spite of the seemingly complete 5-wave structure of the whole downtrend, started December 15, the yen may decrease further and reach 81.40 – 81.20 levels. However, taking MACD divergence into account, a reversal in favor of the dollar may occur anytime.