Elliott Wave Analysis: AUD/JPY Made Recovery From 78.35 Lows
Gregor Horvat | Mar 07, 2019 04:32AM ET
AUD/JPY made a nice intra-day recovery from the 78.35 lows, indicating that minor wave iii) of three had ended, and that a new pullback is in play. We labelled this pullback as wave iv), which can look for resistance and a bearish reversal near the 78.73/78.90 region, and near the lower base channel line, connected from the end of red wave i).
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