FX.co ★ USD/JPY wave analysis for January 25, 2011

High volatility of yesterday USD/JPY trading allowed the pair to decline to 82.30. Thus, we can suppose that the price has almost formed the с wave in the estimated 2nd of the 3rd wave in a quite continuous uptrend. At the same time, being close to multi-year lows influences the wave situation and might force the market to make an attempt to decline to historical lows near 79.75.