Elliott Wave Analysis: AUDJPY Trading Higher

AUDJPY is making a nice sharp reversal to the upside, which can be labeled as red wave 3) of three in the making. Hopefully wave 3) will see limited upside in the near-term and make a temporary correction into the following wave 4). Once the later wave 4) unfolds, a new and final push to the upside into sub-wave 5) of three may follow.

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