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AUDJPY Preparing for the Next Sell-Off?

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    AUDJPY, currently trading around 81.25, has been rising since February 11th, when the pair touched 77.58. What should we be thinking about this recovery and how high could we expect it to travel? In order to be able to answer this question, we will apply the Elliott Wave Principle to the hourly chart of AUDJPY, where we can see not only the recent rally, but the preceding decline as well. By the way, its wave structure is far more important. The wave structure of the sell-off between 86.35 and

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