The corrective wave of this pair is in the form of a contracting triangle and is looking to complete the wave E. Expecting price to be completely rejected at 78.6 Fib level and continue downwards to the trendline support.
AUDJPYChart PatternsElliott WaveelliotwaveanalysisjpyJPYBASKETLONGpriceactionTrend AnalysisWave Analysis

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