Forex Opinion & Analysis

AUD/JPY Trying to Reverse

Bullish: AUD/JPY is currently at 92.07 in a range and the start of a new channel short.  We are looking for a continuation to the S2  at the 91.28 area with a further target of the ATR at 90.87.

Watch the USDX for directions. The average daily true range (ATR) for the pair is 121 pips, and its 180-day average is 123 pips per day. USDX is currently sideways.

AUD/JPY Price Chart

Source

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