Forex Strategies Waiting: AUD/JPY is currently @ 101.19 in a possible trend. If we bounce we are looking for a 5th wave continuation to the ATR target @ 101.80 and then further movement. A breakout would target the former R2 109.34. Watch the USDX for directions. The average daily true range (ATR) for the pair currently is 91 pips and its 90-day average is 126 pips.