JPY Trading Outlook Archive

CROSSES: AUD/JPY made some really big moves yesterday and briefly broke below important chart support at 92.90. The big flows remain AUD negative so selling rallies in this pair is preferred. EUR/AUD is consolidating above 1.3800 and I think it’s too dangerous to try and… Read more

CROSSES: The AUD made some big losses on the crosses, particularly against the JPY and the GBP. AUD/JPY stalled briefly near a 38.2% retracement level at 95.50 (see chart) but has closed well below there and is now targeting chart support and the 50% Fibo… Read more

CROSSES: AUD/JPY has broken back above short-term resistance at 96.90 and the fact that it did so despite a much weaker USD/JPY leg shows just how short the AUD market must’ve been. Deep dips towards Fibo support at 95.50 (see chart) should now be considered… Read more

CROSSES: AUD/NZD made a sharp break higher on Friday and if a retracement is now underway, the obvious technical target is at 1.2145 (see chart). The previous pivot near 1.1950 should provide support again. AUD/JPY looks to be in full retracement mode and its first… Read more

CROSSES: EUR/AUD has again made fresh trend highs and my target at 1.3800 is coming clearly into view (see chart). This pair still seems to have potential for sharp gains given structural positioning in the market. AUD/JPY chart support at 96.90 has held yet again… Read more

CROSSES: Daily support at 96.90 in AUD/JPY is growing in significance (see chart) and if the Nikkei turns lower later today then we could see a break below this level. The next support below there isn’t until 93.00. Elsewhere the AUD has remained fairly steady… Read more

CROSSES: AUD/JPY was the big mover yesterday, jumping from 97.00 to 99.00 before retracing (see chart). The short-term downtrend is still in control but we could easily see a re-test of 100.00 whilst the medium term bull trend is also still intact and the confirmation… Read more

CROSSES: AUD/JPY support on the daily chart at 96.90 has held the first attempt but a move lower to test the first Fibo at 95.50 seems quite possible (see chart). EUR/AUD keeps grinding higher with little or no pullback although short-term momentum indicators have started… Read more

CROSSES: EUR/AUD was the main mover in early European trade when one large global macro fund put through a massive buy order, driving the pair from 1.3200 to 1.3300. The daily close above previously important resistance gives this pair a very bullish look (see chart)…. Read more

CROSSES: AUD/NZD remains stuck in neutral near 1.2000 but the longer it spends down here, the more likely we are to see the dominant downtrend reassert itself. AUD/JPY is also in range trading mode with parameters at 99.50/102.00. AUD/CAD should now be watched more carefully… Read more