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AUDJPY - ANALYSIS
The AUDJPY (now at 97.36) is set to reach a temporary top around 98.73 or even the area 99.33-100.17 and then stage a correction to the area around 93-92
TARGETS:
Topping soon at
likely: 98.73
possibly: 99.33-100.17
Then down to:
likely: 93.01
possibly: 92.53
maybe: area 92.12
ELLIOTT WAVES
The monthly chart reveals that we witnessed a huge two-step pattern (1-2-3 retracement) from Oct 24, 2013 to Apr 11, 2013 followed by a & b, where b is not entirely finished (weekly chart and daily chart) and c will come to existence after the top.
The 4-hour chart displays only 4 waves up where the 5th is not complete yet. Similarly the 1-hour chart.
Monthly chart - click to enlarge
Weekly chart - click to enlarge
Daily chart - click to enlarge
1-hour chart - click to enlarge
