OANDA:AUDJPY   Australian Dollar / Japanese Yen
We don't necessarily have to get the bigger 5 wave here, but I feel like if we are only corrective we may at least see the 85.00 level. 84.80 would be a safer target given the reversal pattern. If it is making a wave 4 triangular correction, then wave 5 would extend and be the longest, and possibly part of a larger 5 wave "A" or a wave "1". There are some different ways to play this type of setup to limit risk. Wait for a spike down and set a buy stop above the correction is the safest way. These yen pairs can still go into larger flat corrections breaking the low so "swinging" it would not be the way I would go about it, but AJ looks to be impulsing whether in a larger correction or not. The 85.00 level is basically the first low of the diagonal which is lining up with fib extensions of its current leg.
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