JPY Trading Outlook (21-06-2013)

CROSSES: AUD/NZD support at 1.1725/50 held yesterday and I’d expect this pair to find a new short-term range now roughly between 1.1750 and 1.2000. AUD/JPY oscillated around 90.00 in volatile trade and bearish momentum has definitely eased. EUR/AUD has closed above previously important resistance at 1.4350 and further gains certainly are feasible.

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