AUD/JPY is currently at 95.09. We have the first sign of the start of a new channel short. We are looking for a move to the ATR target at the 94.06 area.
Watch the DXY for any change in direction. The ATR for the pair currently is 107 pips per day and its 180-day average is 97 pips per day. DXY is currently down at the time of this post.
