AUD/JPY: Rising Wedge Break?

 | Sep 21, 2017 08:25AM ET

Currently, AUD/JPY is @ 89.22 just out of a rising wedge which is a reversal pattern. IF we can break this support we are looking for a move to the 0.382 Fibo @ 88.75 and then to the 0.618 Fibo @ 87.91. The average daily true range (ATR) for the pair currently is 90 pips.