JPY Trading Outlook (15-07-2013)
CROSSES: EUR/AUD was a big mover on Friday, closing above important longer-term resistance levels at 1.4400 (see chart). This pair looks like it might move onto a higher plane now and I would look to buy medium-term dips towards 1.3900 for moves back to 1.5500.
AUD/JPY broke back below 90.00 but hasn’t yet managed to take out important technical support between 89.00/50; if this happens then we can expect the AUD sell-off to pick up steam. AUD/NZD is consolidating recent losses and targeting 1.1500.
Back to JPY Trading Outlook Archive
