AUD/JPY - 4 HRS CHART
INSIGHT OF WAVE C TERMINATION...

The AUDJPY continues to rally in what we believe is the end a 3 wave correction that began at 88.48. The rally is taken out the level where the A wave would equal the C wave (94.67). So here i target the 95.91 is the level where the Wave C might makethe top. 240 minute RSI has been oscillating near the overbought level of 70 as well. A decline below 92.72 would signal that the reversal is underway. At this point, the upside looks limited but a rally above 96.43 would destroy the reversal picture.