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TimStuyts

AUDJPY more downside, THEN major reversal

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Dolar Australia / Yen Jepun (FX:AUDJPY)  
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FX:AUDJPY   Dolar Australia / Yen Jepun
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AUDJPY is comparable to EURJPY and USDJPY for that matter. However short term we have to deal with strong bearish movements that will present sell opportunities on lower time frames after a consolidation. The wave count is indicative (orange) but for now this is my preferred scenario. Updates will follow for trade set-ups on lower time frames.

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Komen:
Short term trade opportunity
snapshot

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Penafian

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