AUDJPY remains in breakout mode and looks for further gains.

The AUDJPY broke out of the 2019 range and into new yearly highs last week. As long as we remain above the 79.80 level the risk remains to the upside. We also closed abov ethe 200dma once again. China GDP, retail sales and industrial production are tonight which could also assist in the pair’s rally as well as long as we continue to see improvement in Chinese economic data.

AUDJPY Bullish Breakout

Blake Morrow