AUD/JPY is currently at 95.80 in a channel in a fractal 5th wave IF we can break the 0.500 Fibo support here, we are looking for a continuation to the S4 at 95.39 with the overall target today the ATR target at 95.00.
Watch the USDX for direction. The average daily true range (ATR) for the pair is 104 pips per day, and it’s 180-day average is 111 pips per day. USDX is currently moving up in a corrective move.
