JPY Trading Outlook (02-10-2013)

CROSSES: AUD/NZD finally had a very strong bounce after lows near 1.1200 held yet again. Local banks reported a variety of names suddenly appearing to buy this pair yesterday suggesting that there is a lot of underlying demand near these levels. AUD/JPY is in consolidation mode but I definitely prefer the buy-dip strategy here, as long as technical support levels 90.00/50 remain intact. GBP/AUD couldn’t quite muster enough momentum to test recent highs at 1.7500 and looks like it’s started to retrace.

Back to JPY Trading Outlook Archive

join THOUSANDS OF other people
who trade with easymarkets

Two minutes is all it takes.

You're almost there!

Finish your application and start trading today.

DON'T MISS A TRADING OPPORTUNITY

Two minutes is all it takes.