Wed, 20 Aug 2014 13:41:10 GMT
AUD/JPY 1H Chart: Channel Up
The AUD/JPY currency pair has been generally trading sideways since April of this year; however, recently the pair has formed the bullish channel on an hourly chart. Currently it is trading just below the upper boundary of the channel at 95.96. Concerning the fact that the pair decided not to move down after the recent peak, the break-out to the upside