AUDJPY, Three Options, All Show Upside

9 Ara 2017

Hi there,

I have analyzed the AUDJPY on the daily and found three possible outcomes whereas all three point to the upside.

Option 1 is that we are completing a regular flat and we are heading higher.
Option 2 is that we are completing a regular flat on the bigger picture and we are moving higher.
Option 3 is that we are moving much lower and then we will get the impulse up.

My forecast can change depending how the chart develops but as of now, this is my predicition.

MisterRay

9 Ara 2017

Not

Impulse for option 3.

The green correction structure could be completed as soon as make an expanding flat, but I think this could be very unlikely.