AUD/JPY is currently trading sideways near 91.08 in an upwards channel. We are looking for a continuation towards the ATR target of 90.93.
A breakdown would set up a move to the 1.270 Fibonacci level at 90.54. Watch the DXY for any change in direction.
The ATR for the pair currently is 109 pips per day, and its 180-day average is 108 pips per day. DXY is currently up but could be topping out at writing.
