I cannot say that I trade this pair often but as Im bullish AUDUSD and fairly neutral USDJPY I thought, I should take a look @ this pair and the structure looks very interesting to say the least. I suspect we are in the beginning of a strong move to the upside to finish the C wave on a higher degree. The invalidation of this count is very clear - price must not touch the blue trendline before the 3rd wave (red) is done. The moment the blue trendline is touched before 3rd finishes, this count is out the window.