Bullish
At time of writing, AUD/JPY is currently at 93.58, trading within a channel. We are looking for a continuation to the ATR target area of 94.77, and then on to the R8 at 94.98.
Watch the USDX for any change in direction; at the time, the dollar index was sliding down. The ATR for the pair currently is 137 pips per day and its 180 day average is 120 pips per day.
