JPY Trading Outlook (20-11-2013)

AUD/NZD support at 1.1190 has held yet again and risk-reward would definitely seem to favour the buy-dip strategy. AUD/JPY took out short-term resistance at 94.10 but further sideways consolidation is favoured until something happens to take out major resistance at 95.50. EUR/AUD is another pair stuck in choppy sideways trade and its best to wait for range extremities here.

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