USD/JPY: A-B-C Rally Underway; AUD/USD: A-B-C Correction Complete

Yesterday, Nomura focused on the possibility of a developing bullish triangle in USD/JPY and the need for a break through 102.86 to promote this outlook and negate the bearish alternate analysis. “No confirmation yet but the a-b-c rally off the lows is still the base case. Wave-a was a sharp im…

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USD/JPY: A-B-C Rally Underway; AUD/USD: A-B-C Correction Complete – Nomura

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