As the attached daily AUD/JPY chart shows, the base of the upward sloping channel comes in just above the 65.00 level and while we remain below the 68.20/30 region i think that is the direction we remain headed in.
I would not be looking to get short as my overall bias is higher while the 65.00 level remains in play, instead i would be looking to buy on dips at 66.10 and 65.40 with stops below 63.80, for an eventual move back above 70.00.
