JPY Trading Outlook Archive

CROSSES: EUR/AUD was a big mover on Friday, closing above important longer-term resistance levels at 1.4400 (see chart). This pair looks like it might move onto a higher plane now and I would look to buy medium-term dips towards 1.3900 for moves back to 1.5500…. Read more

CROSSES: AUD/JPY has lost more ground overnight and this pair could be in for a very big fall if support levels at 89.25/50 break. Risk sentiment is uncertain and this is what might be weighing on the Aussie overall. EUR/AUD is again nearing important resistance… Read more

CROSSES: AUD/NZD failed to form the double-bottom we looked at yesterday, with the neckline at 1.1725 getting breached. This pair is best left alone now until the picture and major level become clearer. Macro funds continue to book profits in EUR/AUD and this has been… Read more

CROSSES: I’m sticking to the view that AUD/NZD will form a top now below 1.2000 but the AUD is looking better against the other majors. GBP/AUD fell quite sharply yesterday and looks to be eyeing chart support at 1.6250 whilst AUD/JPY is gradually moving up… Read more

CROSSES: AUD/NZD backed off from 1.2000 very sharply and I think this cross will continue to show a lot of weakness in coming weeks. On the other hand, the AUD made decent gains against the EUR and that weekly top at 1.4400 is looking stronger… Read more

CROSSES: AUD/NZD is in a solid downtrend still and after bouncing sharply from 1.1750, I’m expecting resistance to be very solid near 1.2000 (see chart). If you’re very bearish on the AUD, this could be a good trade opportunity. AUD/JPY is trying to base at… Read more

CROSSES: AUD/NZD is still in a solid down-trend and this current bounce should run out of steam near 1.2000. AUD/JPY, just like AUD/USD, has also run out of bearish momentum in my opinion and is due for a sharp retracement as well, back towards 93.50… Read more

CROSSES: EUR/AUD is trying to form a short-term top near previous weekly highs around 1.4400 (see chart) and if this can form it will open the possibility of a retracement towards 1.3500. AUD/NZD has bounced off last week’s 1.1750 lows but will be toppy now… Read more

CROSSES: AUD/NZD support at 1.1725/50 held yesterday and I’d expect this pair to find a new short-term range now roughly between 1.1750 and 1.2000. AUD/JPY oscillated around 90.00 in volatile trade and bearish momentum has definitely eased. EUR/AUD has closed above previously important resistance at… Read more

CROSSES: I got stopped out of my long AUD/JPY position at the absolute low yesterday (I know someone must necessarily hit the low but I’d prefer it weren’t me L ). The bear trend is still in control and selling rallies is preferred. The return… Read more