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JPY Trading Outlook (26-09-2013)

CROSSES: EUR/AUD is again testing the neckline of the double-top formation, which comes in near 1.4450/60 (see chart). I favour selling into this resistance with fairly tight stops above 1.4490. GBP/AUD was a notable mover last night, moving up toward recent highs at 1.7160. AUD/JPY is consolidating below 93.00 and a deeper test towards very strong technical support 90.00/50 looks possible. AUD/NZD is edging higher as the NZD loses some of its recent gloss.

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