AUD/JPY Pushes Higher in a Channel

AUD/JPY Pushes Higher in a Channel

Bullish: AUD/JPY is currently @ 96.20 in a channel in a range. We have convergence for the continuation up. We are looking for a continuation to the 1.000 Fibo at 96.70 with the further target for today the ATR target at 97.02.

Watch the USDX for directions. The average daily true range (ATR) for the pair is 90 pips per day and its 90-day average is 92 pips per day. USDX is currently threatening a move down



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