AUDJPY 4 HR Elliott Wave Count
Both the AUDJPY and AUDUSD have had 7 swings down from their highs. In the AUDJPY case, it is 7 swings down from the 76.246 high. 7 swings is corrective so this bounce happening now may be part of an expanded flat. The AUDJPY needs top stay below 76.246 on this move up to keep the bearish reversal in play.
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| AUDJPY 4 HR Elliott Wave Count |