AUDJPY Has Room To Decline To 85-80 This Year
AUDJPY is in strong downtrend for the last couple of days so it may be worth to keep an eye on it as new strong leg down can be in the cards, considering recent reversal down from that black trendline as shown on the weekly chart where we see room for decline to 80/85 this year.
AUDJPY Weekly Elliott Wave Analysis
On the intraday chart of AUDJPY we see bearish impulsive price action trading towards 90 psychological level that can be reached at the start of April. But before that happens, we may see retracement up into wave 4 that can be oppotunity for shorts on a corrective bounce.
AUDJPY 1h Elliott Wave Analysis