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JPY Trading Outlook (29-10-2013)

EUR/AUD looks to me to be the most interesting of the crosses with a possible short-term topping formation below technical resistance at 1.4420/50 but its GBP/AUD I’m looking to trade (see trade-of-the-day below). AUD/NZD is in quiet consolidation above 1.1500 but I’m still in the buy-dips camp for a test of 1.1650. AUD/JPY is also directionless in the very short-term but this is one pair that has made a bullish break imho and I favour buying any deep dips.

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