AUD/JPY: Elliottwave Strucuture looking for more upside to 88.6

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 13, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Best reading of the Elliott Wave cycle suggests decline to 85.41 ended wave (4). From this level, pair has resumed rally in wave (5) as a double three structure where wave W ended at 87.58, wave X pullback ended at 86.37, and wave Y is currently in progress. Internal of wave Y is unfolding as a double three structure where wave (w) ended at 87.95, wave (x) ended at 87.12, and wave (y) of Y is in progress towards 88.6 – 89.1 area. As far as wave (x) low at 87.12 is holding, but more importantly

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