AUD/JPY –will the channel continue
Bearish: We are currently @ 89.91 in a range and a channel. IF we can break this resistance, we are looking for a continuation to the ATR target @ 90.57 with a further target the 0.214 Fibo @ 90.93 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 81 pips per day and it’s 180 day average is 96 pips per day. USDX is currently moving down but mostly sideways.