The video below is a short capture from the New York Live Analysis Session held on 11th July by EWF Founder & Chief Currency Strategist Eric Morera. He presented h4 Elliott Wave counts of $AUDJPY, forecasting the short term rally to complete the recovery and decline in a 3wave pull back at least. On 11th July the pair broke the 77.39 07/04 peak ,calling for further extension higher toward 79.46-80.63 zone where it was expected to complete wave X red h4 recovery against the 81.609 peak. A few days after, inflection area had been reached and slightly exceeded, however the pair held the peak at 81.609 nicely , found sellers as expected and made the decline of approximately 400 points from the blue box area.
Keep in mind that Market is dynamic and the view could have been changed so far. If you’re interested in the future path of $AUDJPY, you can find a new Elliott Wave analysis in membership area of EWF. ( If not a member yet, all you have to do is to Sign Up for Free 14 Days Trial )
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