Today I am looking into AUD/JPY cross . I like all about it and would like to share this trading idea with you . AUD on its own is one of the strongest among G10 currencies , but has been lagging recently and have some room to play catch -up to its peers . JPY currency is on the other hand the weak one on large time frame charts amongst all . AUD/JPY has in my view high probability to follow NZD/JPY and GBP/JPY higher in coming days . --------------------------------------------------------------------------------------------------------- The Big Picture is mixed and could be viewed many ways , but Intermediate Bullish Trend is in play and that's the information to focus on for now . Bearish swing 105.25 to 86.40 is projecting 98.00 retracement level . Possible price target into next couple of days . Short term trend is making higher highs and lower lows and we sit on new support previous resistance level right now . --------------------------------------------------------------------------------------------------------- Lets look into recent price pattern . We call this a "Trick Pattern " You can find out more about it here > http://www.smbtraining.com/overview/forex-training < It is also important to notice ,that within this price structure in Value Area AUD/JPY is making inside bar formations . There is only one more step to validate this trade , which is potentially above 1:6 on Risk/ Reward scale . --------------------------------------------------------------------------------------------------------- Will be watching US Employment Report today , if it will provide the catalyst needed to break higher from tight intraday ranges and lead AUD as a commodity currency into targeted zone from anticipated positive news .