AUD/JPY maintains a bearish broader outlook despite a developing corrective recovery, with the chart showing 110.346. The Elliott Wave count identifies 114.961 as the completion of green wave V and purple wave 5, followed by a five-wave leading diagonal forming green wave i, with 108.635 marked as its expected completion level. The subsequent correction includes purple waves (a) and (b), while wave (c) is projected toward the 61.8% Fibonacci retracement at 112.556, completing green wave ii. A break above 111.312 would support this recovery, before the blue projection anticipates another decline. A move below 108.635 would strengthen bearish continuation, whereas 114.961 remains the invalidation level for the broader wave count.
Technical Summary of AUD/JPY Price for October 24, 2026
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Trend: Bearish — corrective rebound anticipated.
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Current Elliott Wave: Green wave ii, with purple wave (c) projected.
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Key Support Levels: 109.337.
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Key Resistance Levels: 111.312.
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Next Price Target: 111.312, followed by 112.556 if resistance breaks.
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Invalidation Level: 114.961 (broader bearish wave count).
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Fibonacci Levels: 61.8% retracement at 112.556, projected reversal area.
Trader's Question: Could AUD/JPY reach 112.556 before resuming its bearish trend?
A sustained break above 111.312 would support the projected wave (c) advance toward 112.556. Rejection near that Fibonacci level could initiate the next bearish phase.
