On Friday I published a rather extensive commentary on the AUDJPY. The idea was to watch for a breakout from the recent consolidation that has persisted over the last few months. That consolidation, by the way, has carved a smaller ascending channel which has the look of a bear flag. If true, it puts the objective at the 76.00 handle. When I published that commentary on Friday, the AUDJPY was still trading at 82.33. Today we see the risk-sensitive pair hovering just below the 81.00 handle. Not only has the pair lost ground in four straight sessions, but it’s also trading below the ascending channel support I ... (full story)