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AUDJPY 4H Chart: Likely breakout

FX:AUDJPY   Dolar Australia /Yen Jepun
he Aussie has been trading in a channel down against the Japanese Yen             since early January. The currency pair hit the upper boundary of a senior channel on January 22 and has since remained bearish .
During the past few weeks, the currency exchange rate has regained some of its lost points and has moved closer to the border of a junior channel for a likely breakout.
Everything being equal, the AUD/JPY             pair could be set for a surge. In addition, traders should watch out for the aforementioned breakout.
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