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JPY Trading Outlook (02-05-2013)

CROSSES: EUR/AUD has broken above recent highs at 1.2750 and my next target is at 1.2950 (see chart). Support levels start at 1.2770 and get stronger below 1.2700.

AUD/CHF has broken and closed below recent daily lows at .9545. This cross has come in for some very heavy selling in the last few sessions and should be watched closely.

AUD/JPY has broken trend-line support (see chart) and will open near the important 100.00 level.

Back to JPY Trading Outlook Archive

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