AUDJPY - Interesting Pattern Suggests More Gains (Elliott Wave)

Good day fellow traders!

AUDJPY can be trading at the end of a bigger wave C of B), and can also be unfolding an interesting pattern from the lows, near 74.00 region. We see a possible head&shoulders pattern in progress, with latest rise representing the right shoulder, which can push price even higher once it finds support; possible support around 75.0 region, where the lower corrective channel line is located.

A rally abbove the 76.5 area, and in impulsive fashion would confrim more upside.


audjpy, daily.