JPY Trading Outlook (20-05-2013)

CROSSES: EUR/AUD has failed to consolidate its break above important technical resistance near 1.3200 (see chart) and we could see a bout of profit taking emerge, so watch this pair closely.

AUD/NZD is trying to form a double-bottom near 1.1950 and AUD/JPY is still consolidating in a wedge pattern (see chart).

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