Daily Analysis: AUD/JPY
Nenad Kerkez | Jan 19, 2015 11:34PM ET
AUD/JPY is in uptrend and judging from the chart we can see that N 1 2 3 bullish pattern in currently in play. Any pullback towards 95.85-96.00 should provide bounce opportunities. For those which are in the trade , a clear close above 96.35 should happen for further advancement towards 97.00 - 35 . A close above 97.35 targets 98.80.
Pay attention to patterns and closes. ATR still has the room to go. Check the ATR of the pair which still has 100 more pips to be contained in the previous range. ( top left corner of the chart )
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