An upside breakout on AUDJPY?

AUDJPY is consolidating within a 30 pip range.

A Breakout is nearby. Only confusion is, which side it will break out. Up or Down ?

Tonight’s Japanese data may be a catalyst for this pair to cross the borders.


A close above the range will make my mind ready for a long trade with stop loss just below this range.

BIJOY

If your GBP/JPY trade plays out as you want it to this will probably break to the upside. Also keep a close eye on USD/JPY since it’s also somewhat on a range and looking for a breakout.

Hm… I too watching that 150 (almost) pips range of USDJPY in Daily chart. A Breakout is not so far !!!

Tons of AUD event risk:

930PM EST
Employment change
Unemployment rate

CNY Trade balance Thursday

Both Japanese and Chinese data were disappointing. Most probably the range may continue :38: