JPY Trading Outlook (26-11-2013)
AUD/NZD will close below its previously stubborn lows at 1.1190 and risk-reward surely favours the bears near current levels. There is large optionality reported at 1.1000 and this should prove magnetic in coming days. GBP/AUD has finally taken a breather from its vertical take-off trajectory but any dips towards the first Fibo at 1.7500 must be considered buying opportunities. AUD/JPY is still trading sideways near 93.00 but this won’t last and a big move is surely coming here also.
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