$AUDJPY (9.3.2013)

Rally from 86.41 is taking the form of an impulse when pair is close to complete wave (( iii )) with a test of 90.35 – 90.70 area. Following completion of wave (( iii )) expect a corrective pull back (triangle, double correction or FLAT)in 3 or 7 swings and another leg higher to complete a 5 wave move. We don’t like selling the pair in proposed wave (( iv )) pull back.

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