AUD/JPY – Triangle says down

Bearish: We are currently @ 98.18 in a triangle after putting in a double top. We are looking for a continuation to the ATR target @ 97.60 with the further target for today the 1.618 Fibo @ 97.35 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 75 pips per day and it’s 90 day average is 88 pips per day. USDX is currently moving down but near a bounce point.