Pink Grasshopper

AUDJPY correction likely to continue

FX:AUDJPY   Australian Dollar / Japanese Yen
46 0 2
This pair looks to be still in correction mode. The (b) wave looks quite messy but from wave proportion to the prior impulse down, it may already be complete in order to leave enough proportional room for (c) to unfold. Break above the 200d moving average may add confidence to this setup. Monthly PP may add to support. Long with target anywhere in-between 96 and 101, we'll have to see how this unfolds
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