JPY Trading Outlook (16-05-2013)
CROSSES: AUD/NZD has pulled back toward the lower end of its 1.20/1.2150 consolidation range and if this pair can fall and consolidate below 1.1950 then the dominant bear trend may be able to reassert itself.
AUD/JPY is another cross pair which is in consolidation mode between 100.50 and 102.00 and will need to break out of this in order to increase short-term momentum.
EUR/AUD ran into a bout of profit taking near 1.3100 and has pulled back 100 pips.
Back to JPY Trading Outlook Archive
