$AUDJPY (9.9.2013)

A cycle from 86.37 low is coming to an end. Expect a new high toward 92.20 – 92.50 to complete this cycle before we get at least a 3 wave pull back in the pair which could be start of a new down cycle or prove corrective yet again. Hourly cycles remain positive but we don’t like chasing strength at current levels.

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