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JPY Trading Outlook (22-11-2013)

EUR/AUD made a significant move higher taking out recent trend highs at 1.4550 (see chart). AUD/JPY and AUD/NZD remain inside well-defined ranges with all 3 currencies currently out of favour in the FX market; AUD/NZD is drifting lower inside its hourly ranges but still needs to break below 1.1190 in order to generate fresh impetus whilst AUD/JPY is trendless inside short-term parameters at 92.25/94.75. GBP/AUD was another pair to make significant moves higher.

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