AUD/JPY breaks higher: Wave three recovery in motion after channel break [Video]

Gregor Horvat Wavetraders

We are updating the AUDJPY chart as the pair continues to rise as anticipated, following the strong support and bullish reversal we identified on June 19, 2025. At that time, AUD/JPY was forming a clear bullish setup, which has since played out to the upside.

audjpyjuneD — AUDJPY Daily Chart From June 19 2025

AUDJPY is in a very strong recovery, now moving beyond the 78.6% level and pushing above 104 after the base channel was broken back in December. This suggests that the move is wave three rather than wave five, so the whole recovery from the April 2025 lows can continue and may eventually reach the July 2024 highs. For now, the uptrend remains in play and more upside is expected after any fourth wave retracement, as long as the market is trading above the 100.95 invalidation level.

audjpyjan — AUDJPY Daily Chart From January 13 2026

For a detailed view and more analysis like this, you can watch below our latest recording of a live webinar streamed on January 12 2026:

Get Full Access To Our Premium Elliott Wave Analysis For 14 Days. Click here.

Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

EUR/USD struggles near 1.1850, with all eyes on US CPI data

EUR/USD holds losses while keeping its range near 1.1850 in European trading on Friday. A broadly cautious market environment paired with a steady US Dollar undermines the pair ahead of the critical US CPI data. Meanwhile, the Eurozone Q4 GDP second estimate has little to no impact on the Euro.

GBP/USD recovers above 1.3600, awaits US CPI for fresh impetus

GBP/USD recovers some ground above 1.3600 in the European session on Friday, though it lacks bullish conviction. The US Dollar remains supported amid a softer risk tone and ahead of the US consumer inflation figures due later in the NA session on Friday.

Gold remains below $5,000 as US inflation report looms

Gold retreats from the vicinity of the $5,000 psychological mark, though sticks to its modest intraday gains in the European session. Traders now look forward to the release of the US consumer inflation figures for more cues about the Fed policy path. The outlook will play a key role in influencing the near-term US Dollar price dynamics and provide some meaningful impetus to the non-yielding bullion.

US CPI data set to show modest inflation cooling as markets price in a more hawkish Fed

The US Bureau of Labor Statistics will publish January’s Consumer Price Index data on Friday, delayed by the brief and partial United States government shutdown. The report is expected to show that inflationary pressures eased modestly but also remained above the Federal Reserve’s 2% target.

The weekender: When software turns the blade on itself

Autonomous AI does not just threaten trucking companies and call centers. It challenges the cognitive toll booths that legacy software has charged for decades. This is not a forecast. No one truly knows the end state of AI.

Solana Price Forecast: Mixed market sentiment caps recovery

Solana (SOL) is trading at $79 as of Friday, following a correction of over 9% so far this week. On-chain and derivatives data indicates mixed sentiment among traders, further limiting the chances of a price recovery.