Aussie Dressed up but where to Go?

@brit
from the 25th of oct 2009 i count a corrective three waves pattern . we r in the last leg and it must in five down waves.
My atrget of 75.50 is still valid
after i will wait for a confirmation point because i doubt on 2 scenaris.

@FRANKBRIT

i was refering to a short term time frame that ashraf confirmed me with the resistance level of 81.30
i corrected by saying later by its not yen gain short lived but aud gain short lived.
Again all will be a factor of how the commodities will behave when it will touche the 1040-70. iamnot a fundamental player cause i dont have the datas so i just extrapolate with technical analysis.

P.S. what's a good entry level on shorting AUD/JPY? I don't feel I've good a good handle on this pair ... it still hasn't made a daily low ... rather frustrating ... :-(

Thanks for your kind feedback Ashraf - noted that AUD running out of steam .v. USD and JPY and not much retracement expected in either - i.e. downside acceleration in AUD.

@ said. Why do you feel the JPY rally against the commodity currencies will be short-lived? Firstly, how long is short lived? Second, how long can they go?

I guess you're implying that this might be the last big charge of the JPY before the USD takes over or (depending on the nature of the recovery, strength, inflation, etc) the commodity currencies bounce back?

Look forward to your thoughts.

@rkkashmir
all that for that... TO SHORT IT

so begin at 1120-25