JPY Trading Outlook (10-05-2013)

CROSSES: It was all about the USD overnight but we still need to watch important levels in the crosses. AUD/NZD is likely to consolidate in a 1.1950/1.2150 range and EUR/AUD is building a constructive bullish case and is now targeting 1.3100.

AUD/JPY is likely to be the most volatile today (see chart) and we need to watch the top of the consolidative wedge pattern near 102.00.

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