A descending channel correction.

FX:AUDJPY   Australian Dollar / Japanese Yen
26 0 4
The weekly chart shows us that this pair is in the correction after an up move ending in 2008. We are in the final "C" wave.

The daily chart shows us a descending channel ready for a breakout.

I have put a large stop loss just in case we have one down leg in "e" wave in the four hour chart.

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