AUD/JPY: LONG Position may be possible soon

Since I have been watching the YEN pairs I came to the AUD/JPY pair. It seems it may be in for a short term correction soon and maybe a substantial one. This is a favorite Long for me as there is a nice spread on the daily interest rate making it a bit of a good carry trade. Like most pairs the AUD/JPY is highly oversold and may recover some lost ground. Lets look at the chart - I'ts a 1 hour chart over 1000 candles/bars - After hitting a low of 55 or so it's ben sidways but not without a few larger movements to the up side and some corrections to the down. So I'm prepared to take a Long trade on this pair should it reach near the lowest low of 55 or so. The support zone appears to be from 55 to 58 area.