CADJPY Short-term Elliott Wave Analysis 4.15.2015

We can see 3 swings rally from wave (X) low at 3/31 with the first leg red wave W, the second leg red wave X, and the pair is currently finishing the third leg towards equal leg 97.79 – 98.5. Short term, the pair can see a pullback in wave ((x)). The pullback can reach as low as 95.75 – 96 (50 – 61.8 fib retracement of rally from red X low at 4/14) , then it should make another leg higher towards 97.79 – 98.5 to complete wave ((X)). The pair should then turn lower 3 waves at minimum.

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