JPY Trading Outlook (07-10-2013)

CROSSES: EUR/AUD offered us a ‘no-brainer’ risk-reward entry level on Friday near recent chart highs (see chart) but is now back at mid-range levels and much more difficult to pick. GBP/AUD dropped even more sharply but will run into decent support levels near 1.6900. AUD/NZD support levels at 1.1200 continue to hold and I favour a test of topside resistance levels near 1.1650 in coming weeks. AUD/JPY is another in consolidation mode and I favour buying dips towards strong technical support 90.00/50.

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.