FX.co ★ Wave analysis of the USD/JPY currency pair for November26, 2009

The USD/JPY currency pair price passed all estimating levels very dynamically, supposing the market reversal in favor of the US dollar. On the back of this, at present moment we can see the formed 5 waves in the third one. The calculating target level of the 3 wave is also located near the current price value, and quite oversold indicators allow to suppose the possibility of approaching correctional JPY upturn.
Best regards,
analyst: Alexander Dneprovskiy.