JPY Trading Outlook Archive

CROSSES: EUR/AUD has failed to consolidate its break above important technical resistance near 1.3200 (see chart) and we could see a bout of profit taking emerge, so watch this pair closely. AUD/NZD is trying to form a double-bottom near 1.1950 and AUD/JPY is still consolidating… Read more

CROSSES: EUR/AUD has failed to consolidate its break above important technical resistance near 1.3200 (see chart) and we could see a bout of profit taking emerge, so watch this pair closely. AUD/NZD is trying to form a double-bottom near 1.1950 and AUD/JPY is still consolidating… Read more

CROSSES: GBP/AUD continues with its very impressive recovery and the next target there is at 1.5675 (see chart). The daily SMAs have all turned bullish on this cross and we could be in for some very sharp moves higher. AUD/JPY has broken below short-term support… Read more

CROSSES: AUD/NZD has pulled back toward the lower end of its 1.20/1.2150 consolidation range and if this pair can fall and consolidate below 1.1950 then the dominant bear trend may be able to reassert itself. AUD/JPY is another cross pair which is in consolidation mode… Read more

CROSSES: The AUD has traded pretty much in a sideways direction against most of the other majors (ex-USD) with the exception of the CHF where it managed to make some gains. EUR/AUD made new swing highs above 1.3100, AUD/NZD is still consolidating in its well-trodden… Read more

CROSSES: EUR/AUD has opened today above 1.3000 and looks set to test the interim target at 1.3200 (see charts). I will reduce my long position significantly as we approach that level. AUD/JPY is consolidating in a wedge formation (see chart) and a break outside of… Read more

CROSSES: It was all about the USD overnight but we still need to watch important levels in the crosses. AUD/NZD is likely to consolidate in a 1.1950/1.2150 range and EUR/AUD is building a constructive bullish case and is now targeting 1.3100. AUD/JPY is likely to… Read more

CROSSES: EUR/AUD was the main mover on the crosses and the break above recent highs near 1.2900 (see chart) should open the way for further gains. AUD/NZD bounced sharply from 1.1950 on a combination of an overly short market and the RBNZ comments but the… Read more

CROSSES: AUD/JPY looks to have rejected the idea of consolidating below 100 and has bounced sharply, although I still favour further range trading in a broad 99.50/103.50 range (see chart). AUD/NZD remains bearish but bearish momentum remains very sluggish and I do not discount the… Read more

CROSSES: EUR/AUD has broken above recent highs at 1.2750 and my next target is at 1.2950 (see chart). Support levels start at 1.2770 and get stronger below 1.2700. AUD/CHF has broken and closed below recent daily lows at .9545. This cross has come in for… Read more