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JPY Trading Outlook (03-06-2013)

CROSSES: AUD/NZD made a sharp break higher on Friday and if a retracement is now underway, the obvious technical target is at 1.2145 (see chart). The previous pivot near 1.1950 should provide support again.

AUD/JPY looks to be in full retracement mode and its first target is at 95.50 (see chart). The breakdown level at 96.90 will provide initial resistance.

The vertical trend in EUR/AUD continues unabated but be wary as technical indicators are getting very overbought.

Back to JPY Trading Outlook Archive

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