Sunday, April 16, 2017

#AUDJPY Daily Elliott Wave Update

#AUDJPY Daily Elliott Wave Update

The Daily #AUDJPY Elliott Wave Count is showing the circle abc up for the A wave with the B wave down in progress.  I believe the circle a down is complete or near complete and the B wave up should start soon.  

Note that the RSI is currently oversold.  It is possible we could see another bounce with a spike lower to create RSI divergence before the B up begins. 

AUDJPY Daily Elliott Wave Count