JPY Trading Outlook Archive

CROSSES: EUR/AUD is again testing the neckline of the double-top formation, which comes in near 1.4450/60 (see chart). I favour selling into this resistance with fairly tight stops above 1.4490. GBP/AUD was a notable mover last night, moving up toward recent highs at 1.7160. AUD/JPY… Read more

CROSSES: AUD/JPY is testing important short-term resistance levels near 93.00 (see chart) and a break above there should see recent highs re-tested. The AUD has regained a bit of ground against both the GBP and the EUR but both pairs remain in short-term consolidation patterns…. Read more

CROSSES: The crosses have been fairly quiet over the last few sessions so perhaps it’s best to stay in consolidation-trading mode. AUD/JPY has very obvious technical parameters at 90.00/93.50 so trading near the edges of these ranges makes good sense. AUD/NZD turned lower last week… Read more

CROSSES: AUD/NZD reversed very sharply yesterday with the NZD getting a boost from a more hawkish than expected RBNZ and the AUD suffering due to jobs data. My expectation of a test of 1.1760 is looking less likely but the bears need to break below… Read more

CROSSES: Yesterdays reversal in the AUD crosses was very short-lived and the AUD made fresh short-term trend highs against the EUR and the JPY. AUD/JPY is going up the elevator and down the stairs, typical of a strong up-trend, but resistance levels will be firmer… Read more

CROSSES: AUD/NZD is starting to look more interesting and we may be in for a stronger retracement towards 1.1770 (see chart). I’d prefer to wait until 1.1550 breaks before committing to a buy-dip strategy. AUD/JPY made a strong move higher yesterday but is still in… Read more

CROSSES: EUR/AUD tested very important technical support near 1.4450 and bounced strongly and we should see increased top-side pressure in coming sessions (see chart). Prices now need to stay below 1.4750 in order for the recent topping formation to stay relevant. AUD/NZD has started to… Read more

CROSSES: AUD/JPY is one pair which is behaving according to its technical signals; it broke though medium-term resistance levels and then retraced exactly 38.2% (see chart). EUR/AUD is in the middle of its short-term consolidation between important levels at 1.4350/1.4750 and its best to sit… Read more

CROSSES: Lots of interest in the crosses with bottoming patterns emerging for the AUD. EUR/AUD has formed a Head and Shoulders reversal formation (see chart) and the next support level is to be found near 1.4350. AUD/JPY has also bounced after just failing to test… Read more

CROSSES: Lots of interest in the crosses with bottoming patterns emerging for the AUD. EUR/AUD is trying to form a Head and Shoulders reversal formation (see chart) and the big level to watch now is near 1.4750. AUD/JPY is also interesting; an attempt to form… Read more