AUD/JPY – can it break up

Bullish: We are currently @ 95.11 in a pennant, in a range. IF we can breakout we are looking for a continuation to the ATR target @ 95.77with the further target the 1.270 Fibo @ 96.00 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 93 pips per day and it’s 90 day average is 83 pips per day. USDX is threatening more to the downside.