AceTraderForex July 11 : DAILY AUD/JPY CROSS OUTLOOK


DAILY AUD/JPY CROSS OUTLOOK - 91.67

11 Jul 2013 08:18GMT

Although fall fm 93.06 (Tue) to 91.11 y’day signals correction fm 88.95 (Jun) has made a top there, intra-day rebound suggests upside bias remains.

Hold long with stop below 91.11 as break wud risk weakness to 90.70/80 b4 recovery.

STRATEGY : Long at 91.50

POSITION : Long at 91.50

OBJECTIVE : 92.30

STOP-LOSS : 91.10

RES : 92.41/92.73/93.06

SUP : 91.11/90.49/90.17


DAILY AUD/JPY CROSS OUTLOOK - 88.70
12 Aug 2013 07:06GMT

Aud’s present retreat after extending last Wed’s
near 8-mth low at 86.42 to 89.03 today suggests 1st
leg of correction over n downside bias is seen.

Turn short on recovery but below 88.07 needed to
yield 87.79. Abv 89.09 may risk gain to 89.52/57.

STRATEGY : Short at 88.70

POSITION : Short at 88.70

OBJECTIVE : 87.85

STOP-LOSS : 89.10

RES : 89.09/89.84/90.09

SUP : 88.07/87.79/87.25