$AUDJPY (9.4.2013)

Pair is in FLAT wave ( 4 ) / W when wave ( 3 ) ended @ 86.33.  Wave (( iii )) of C is about to complete so expect a pull back toward 90.45 (23.6 fib) and in-extension 89.82 (38.2 fib) and the next leg higher. Price needs to stay above 89.30 for this view to remain valid. We don’t like selling into proposed wave (( iv )) pull back as intra-day trend is up.

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