AUD/JPY Currently At 94.02

 | Nov 06, 2013 08:59AM ET

AUD/JPY

Currently we are at 94.02 after the break north of the ascending wedge. This is a 2 part trade opportunity. We are looking for a bullish continuation to the R/5 .03820 Fibonacci area at 94.55, and the next target is at 95.06. The average daily true range (ATR) for the pair currently is 89 pips.