AUDJPY Correction Has Reached Short Term Support Area
The short-term Elliott Wave View in the AUDJPY suggests that the cycle from 01 February 2024 low unfolded in an impulse sequence and shows a bullish sequence supporting more upside. Whereas the rally to 96.92 high ended wave (i), a pullback to 96.18 low ended wave (ii). A rally to 97.67 high ended wave (iii) then a pullback to 97.04 low ended wave (iv). Above from there, a rally to 99.05 high ended wave (v) thus ended wave ((i)) in a 5 wave structure.