AUDJPY : Bearish Momentum Could Slow Down

On the 4H chart of AUDJPY price made a nice looking impulsive structure from 88.250 area, where we labeled end of black wave 2, resulting as black wave 3. That said we now expect a three wave correction in black wave 4 to around the previous blue wave iv-circled of a lower degree, where price could then continue lower in sessions ahead.

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