FX.co ★ USD/JPY wave analysis for September 6, 2011

Yesterday the USD/JPY moved further within the limits of a narrow horizontal corridor. At the same time, as we have already mentioned, we can suppose that the price is forming the c wave in the c of a horizontal triangle. It is quite difficult to predict the length of this c wave, however its target levels might be located near 77.50 or 77.65.