Elliott wave analysis on EUR/USD; USD/JPY and Facebook.com

 EUR/USD - I still look for a continuation down towards the ideal 1.2242 - 1.2285 target-area before blue wave 3 is over. However it's important to remember that we are only in the middle of wave 3 down and corrections in third waves tend to be shallow.

 USD/JPY - We have now broken below the starting-point of wave D of the B-wave triangle and should soon see more downside into the target-area between 78.33 - 78.84 with the ideal target being 78.33, but be careful as we just need one pip below 78.96 to fulfil all requirements for the wave 2 correction that began way back at 84.17.
This last decline should offer a nice buying opportunity.

Facebook.com - Please see my last post regarding Facebook here: http://theelliottwavesufer.blogspot.com/2012/05/elliott-wave-analysis-on-eurusd-usdjpy_23.html
Was even weaker than first expected a wave C down is already well under way and should at least see a decline close to 24.50.