AUD/JPY: 5th Wave Continuation?

 | Jan 19, 2017 08:48AM ET


Currently we are at 86.86 and just breaking through the 1.618 Fibo. This is a continuation of our January Pay Your Mortgage trade stated at 84.50. We are looking for a move to the 2.270 Fibo top at 86.67. The average daily true range (ATR) for the pair currently is 73 pips.