AUD/JPY Poised For A Break Out

 | Aug 10, 2022 08:35AM ET

AUD/JPY currently at 94.11 in a channel. We are looking for a continuation to the ATR target at the 95.40 area with a top just above the 95.70 area. Watch the DXY for any change in direction. The ATR for the pair currently is 124 pips per day, and its 180-day average is 126 pips per day. DXY is currently threatening down at the time of this post.