JPY Trading Outlook (28-05-2013)
CROSSES: AUD/JPY support on the daily chart at 96.90 has held the first attempt but a move lower to test the first Fibo at 95.50 seems quite possible (see chart).
EUR/AUD keeps grinding higher with little or no pullback although short-term momentum indicators have started to level out from seriously over-bought readings, which suggests that we may get a period of consolidation or retracement.
AUD/NZD has steadied after the break below 1.1950 but still looks quite bearish.
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