JPY Trading Outlook (27-09-2013)

CROSSES: EUR/AUD has again failed at 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. AUD/JPY is consolidating below 93.00 and a deeper test towards very strong technical support 90.00/50 looks possible. AUD/NZD is back below 1.1300 and risk-reward would seem to favour the dip-buy with stops well below 1.1200.

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