Wave analysis

Monthly chart.

For expired month situation with a lateral trend of yen in which it drifts 13 years, has not changed. After so long flet, it is difficult enough to predict a possible direction of an exit from it. Some variants of a marking (if it is possible so to name it) are resulted in drawing. More likely of it think in hearing. But, we think that by the end of the year we can give pair of the most probable (from our point of view) scenarios situation development.   

Week chart.   

On the week chart, the descending movement of the yen which have begun in June, 2007 still looks not finished. Correction in which the yen is March of this year, also looks not finished. It is difficult enough to measure both dimension of a trend, and correction levels. While we leave a variant of its continuation and wave 4 formation which will consist from three-wave abc. A critical point, for such succession of events, we will consider overcoming by level 117,90 (assumed century 2).      

Day chart.   

On the day chart it is visible, as price movement not bad enough lays down on a fan of Fibonachchi. Thereby we try to confirm for ourselves, correctness of a  starting points choice from which we count correctional levels and according to the purpose of our correction. While we accept an existing marking. It is necessary to notice that fact that Pichfork Andrews's average line is broken. Very often it can speak about a fast turn of the price, in our case, about the possible termination of a wave 4 formation and the beginning of a wave 5. In any case so it or not, should prove to be true in the near future.