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Guest Commentary: AUD/JPY Uptrend Extended but Not Over Yet

Guest Commentary: AUD/JPY Uptrend Extended but Not Over Yet

2013-04-11 13:00:00
Eric Morera, Technical Strategist
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"Pair is showing 7 swings up from 96.85 low which means we are ending wave (( iii )) which can reach as high as 105.40 region. Provided pair avoids aggressive strength above here, expect it to make a 3 wave pull back toward 23.6 fib (103.38) from where we like longs against 38.2 fib (102.14) looking higher toward 106.40 - 106.50 region." - Daud Bhatti, Elliottwave-Forecast.com

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