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JPY Trading Outlook (17-05-2013)

CROSSES: GBP/AUD continues with its very impressive recovery and the next target there is at 1.5675 (see chart). The daily SMAs have all turned bullish on this cross and we could be in for some very sharp moves higher.

AUD/JPY has broken below short-term support at 100.40 but there is more support at the base of a wedge formation near 99.75 (see chart).

AUD/NZD just failed to re-test swing lows at 1.1950 and has bounced back above 1.2000, with more range trading favoured here although in an overall bear trend.

Back to JPY Trading Outlook Archive

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