FX.co ★ USD/JPY wave analysis for May 19, 2011

Yesterday during the Asian session the USD/JPY did not manage to pass the 81 figure level and advanced to 81.70 by the end of the day. At the same time, the current situation is developing, and as a result the price might form the 1st wave of the future new uptrend section. At the same time, current MACD divergence still allows a new stage of declining in the direction of the lows reached earlier.