AUD/JPY is moving lower at the time of this post. We are currently near 82.38 above the day chart top.
We have the convergence for the continuation move. We are looking for an initial move to the average true range (ATR) level at 82.89 with a continuation to the 1.618 Fibo at 82.97.
Watch the DXY for any change in direction. The ATR for the pair currently is 111 pips per day and its 180-day average is 89 pips.