FX.co ★ USD/JPY wave analysis for June 13, 2011

The attempt of the USD/JPY to end forming the wave structure of the estimated 4th wave, in the 3rd (or c) was not quite successful on Friday. Therefore, there is still a situation allowing the target correction level 38.2% (80.50) to be tested. At the same time, resumption of the decline to 79.65 will not contradict with the current wave situation.