JPY Trading Outlook (25-10-2013)

AUD/NZD has made a strong close above 1.1500 and although progress remains slow, further gains are very likely in my opinion and buying dips for a test of 1.1650 is the obvious play. AUD/JPY has drifted lower but technical support will get much firmer near an important trend-line at 92.80. EUR/AUD looks to have formed a firm base now at 1.4120 and a test of topside resistance at 1.4570 looks more likely.

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