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TimStuyts

AUDJPY more downside, THEN major reversal

Short
Australian Dollar / Japanese Yen (FX:AUDJPY)  
TimStuyts Updated   
FX:AUDJPY   Australian Dollar / Japanese Yen
7
1
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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Comment:
Short term trade opportunity
snapshot

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