AUD/JPY

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This chart of AUD/JPY includes Gann time cycles which display a correlation of 45*degree day cycles. After the AUD/JPY has a significant downward correction, price re-tests this low and reverses course on the exact day on which the corresponding 45* time cycle matures. The price increase following each 45* day cycle maturity is approximately 58% of the previous rally. This allows us to not only forecast the next expected price move, but it also gives insight into the fractal nature of capital markets.

The upward price target is approximately $94. Due to the valuation of the AUD/JPY and the long time horizon on which the Gann price estimates are conducted, an exact price is very difficult to asess. Given the difficulty in determining exact price targets, we will instead focus on the time cycle itself. The time cycle in focus matures on June 23/2011. IF THE CURRENT GANN TIME CYCLE PATTERN of MATURITY CONTINUES for ONE LESSER DEGREE than the previous rally, then we should see an increase of atleast 10.5% in the AUD/JPY throughout this summer.