We were "cursed" at when we said earlier in the week that AUDJPY was bullish and yet it turned out to trace out a drastic account draining retracement that may have taken out some stops. Not to mention the fact that we did say that prior price movement was setting up for one last push up for what seemed like final wave 5 of an initial impulse which happened as planned at market open on Monday. Nevertheless, we re-state the bullish case again as we await confirmation of the advancement of wave C of the a-b-c retracement underway probably into next week. Target is the 100% expansion (85.750) of 81.484 to 84.537 @ 82.582
Happy Trading!!!
Happy Trading!!!
