JPY Trading Outlook Archive

The overall outlook for the AUD took a bearish turn yesterday as it lost ground and broke through important technical levels against many of the other majors. AUD/NZD broke back below 1.1500 but I will stick to my shortish-term bullish outlook here; most likely we… Read more

EUR/AUD looks to me to be the most interesting of the crosses with a possible short-term topping formation below technical resistance at 1.4420/50 but its GBP/AUD I’m looking to trade (see trade-of-the-day below). AUD/NZD is in quiet consolidation above 1.1500 but I’m still in the… Read more

AUD/NZD has made a strong weekly close above 1.1500 and continues to grind slowly higher. The next resistance level to watch is a daily high near 1.1650. AUD/JPY is treading water near 93.50 but I’m still in the buy-big-dip camp here. The AUD looks weak… Read more

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… Read more

AUD/JPY broke above important technical resistance levels and then promptly reversed very sharply indeed (see chart). There is decent support at 92.70/80. EUR/AUD was another big mover yesterday, confirming yet again support levels near 1.4125 before rallying very sharply. The break and close above 1.1450… Read more

AUD/JPY has broken and closed above its 200-dma which comes in near 94.70 and is starting to look very bullish indeed. EUR/AUD (see chart) has bounced off strong short-term support near 1.4125 and the strength of the flows in this cross really need to be… Read more

AUD/JPY has broken above its 200-dma which comes in near 94.70 but is being stalled by heavy barrier protection ahead of 95.00. AUD/NZD looks to have confirmed a short-term foothold 1.1280/00 and is trying to move higher again. EUR/AUD is sitting right on short-term support… Read more

AUD/JPY has broken marginally above previous trend highs at 94.45 but is stalling ahead of its 200-dma which comes in near 94.70. Further gains are looking likely but buy dips not breaks. AUD/NZD looks to have confirmed a short-term foothold 1.1280/00 and is trying to… Read more

The AUD crosses were busy yesterday, with AUD/JPY falling heavily first on comments from the Chinese commerce minister that growth will struggle, but recovering sharply when the prospect of any US tapering seemed to recede. This pair is still being capped by strong technical resistance… Read more

AUD/JPY has important technical resistance close by at 94.45/65 (see chart), previous highs and the 200-dma, and these levels must be respected. EUR/AUD looks increasingly bearish and a move to levels sub-1.40 looks quite feasible. The market has been trying to buy AUD/NZD for weeks… Read more