JPY Trading Outlook (30-09-2013)
CROSSES: EUR/AUD has broken back above the neckline at 1.4460 and this formation is no longer relevant. Range trading is preferred here but we need some patience before settling on what the important short-term levels are. GBP/AUD has accelerated higher and the next target is trend highs at 1.7480. AUD/NZD is again testing the 1.1200 support levels and with momentum waning, buying exhaustive dips makes sense to me. AUD/JPY support should be very firm near 90.00 (see chart).
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