AUD/JPY: Possible Pennant Continuation

 | Nov 29, 2016 08:56AM ET


Currently we are 84.28 in a channel after breaking out of a pennant. We are looking for a continuation move to the 1.618 Fibo at 85.03 with an overall target this week of 86.00-86.34. The average daily true range (ATR) for the pair currently is 87 pips.