AUDJPY seems to be in final stages of black wave 5 and could ideally turn up in sessions ahead into a corrective retracement. Right now we think that price is trading in wave four the sub-wave of our black wave 5 and could later move even lower to around 79.00 area before turning to the upside. We are tracking an ending diagonal, that usually pushes prices higher, when it is completed.
Link to our previous updates on this pair:
Link to our previous updates on this pair:
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