GBPJPY is falling sharply again, which means that correction can be deeper and more complex, ideally a 7-swing a-b-c-x-ab-c decline that can send the price even lower. We are tracking now the final wave c of a higher degree wave 4 corrections that can stop around 147 area.
GBPJPY 4h Elliott Wave Analysis
AUDJPY is still falling from the highs, quite sharply, but we are still tracking a correction into a higher degree wave B), where support can be anywhere in the 78-73 zone. Keep also in mind that this could be just the first leg A of a three-wave correction within wave B) labeled as Alternate count, so correction may take some time before bulls show up
AUDJPY Daily Elliott Wave Analysis
CADJPY is retesting the former wave 4) support, which means that correction from the highs can be still in play, but it can ideally stop here around 50% - 61,8% Fibonacci retracement and 84-83 area. However, keep in mind that the bulls could be back in the game only if we see a strong rebound and recovery back above the 88.50 region.
CADJPY Daily Elliott Wave Analysis
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