FX.co ★ USD/JPY wave analysis for March 10, 2011

The USD/JPY currency pair has made an attempt to complete the wave of current upside correction near the 82.94 level. At the same time, given the correlation between a and c waves, there is still a possibility of resuming growth to the 83.00 level. In the meantime, given the MACD divergence, the yen can resume the process of recovering from current positions.