IF we are working with a Leading Diagonal A wave then I would expect a deeper pullback to the wave iv area of 73.356 and even as low as the wave ii area around 72.00.
With that said, I believe the first 3 waves of the correction are complete and we will see a small 3 wave B or X wave bounce. From there we will see another 3 wave correction or impulse lower toward the 1st target of 73.356.
AUDJPY 1 HR Elliott Wave Count |