AUDJPY Channel breakout

Bullish:  We are currently @ 93.12 just out of a channel.  We have divergence for the upside move.  We are looking for a continuation to the ATR target @ 94.25 with a further target the R4 @ 94.63.  Watch the USDX for any change in direction. The ATR for the pair currently is 113 pips per day and its 180 day average is 121 pips per day. USDX is currently threatening down at the time of this post.  

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