AUD/JPY – Pushing to the top
Bullish: We are currently @ 88.37 in a channel in a range. IF we can break resistance here, we are looking for a continuation to the ATR Target/1.618 Fibo @ 89.22 with a further target at the 1.618 Fibo @ 89.78. We have convergence in play for the move. Watch the USDX for direction. The average daily true range (ATR) for the pair is 150 pips and it’s 180 day average is 127 pips per day. USDX is currently moving sideways.