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JPY Trading Outlook (01-11-2013)

More very mixed results for the AUD on the crosses, making very strong gains against the crumbling EUR but falling slightly against the NZD and the GBP. Technical resistance at 1.4560 in EUR/AUD was sharply rejected and prices are back at mid-range levels near 1.4350 (see chart). AUD/NZD is looking soft again and will really be testing the patience of the bulls out there. AUD/JPY refuses to stray too far from 93.00 but overall I prefer to buy big dips here also (if and when it decides to move).

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