AUD/JPY continues to crumble, breaking beneath bear flag diagonal support
and potentially setting off the final, 1000-pip leg of an ABCD begun with late
April's highs around 102. Intra-pattern horizontal support at 89 and 89.80
has cleared. The next major horizontal support comes at 87.50; then nothing
until 83 and finally the full measured move target between 79-80.
and potentially setting off the final, 1000-pip leg of an ABCD begun with late
April's highs around 102. Intra-pattern horizontal support at 89 and 89.80
has cleared. The next major horizontal support comes at 87.50; then nothing
until 83 and finally the full measured move target between 79-80.