FOREX Trading: Shorting Yen Crosses Slightly Higher

RELATED QUOTES

SymbolPriceChange
AUDJPY=X84.5410-0.1973
EURJPY=X135.1140+0.0219

The first attempt at shorting Yen crosses was unsuccessful with EUR/JPY and AUD/JPY stops hit yesterday (EUR/JPY was exited at 10103 and AUD/JPY at 8306). I expect to attempt shorts again this week. Details will be released as always via Twitter @JamieSaettele but in general...

The EUR/JPY has just traded through 10214 resistance (former support) and I’m on the lookout for a secondary top against the November 1 high. The 50%-61.8% retracements at 10245/96 are of interest as levels for this advance to exhaust.

The AUD/JPY has traded through the estimated 8328 resistance. Combining the AUD/USD and USD/JPY analysis though does suggest a top and reversal not far from the current level in the AUD/JPY.

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.4162+0.0005+0.03%
    USDSGD=X
    1.5888-0.0002-0.01%
    EURSGD=X
    2.1635-0.0029-0.13%
    GBPSGD=X
    85.0339+0.0189+0.02%
    SGDJPY=X
    5.4724-0.0018-0.03%
    SGDHKD=X
    2.9898+0.0118+0.40%
    SGDMYR=X
    10,023.6582+7.6953+0.08%
    SGDIDR=X
    4.4883-0.0013-0.03%
    SGDCNY=X
    0.9940-0.0027-0.27%
    AUDSGD=X
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    Commodities
    NamePriceChange% Chg
    1,132.70-0.90-0.08%
    GCZ15.CMX
    14.660.00-0.01%
    SIZ15.CMX
    46.23-0.58-1.23%
    ^XAU
    2.34+0.01+0.52%
    HGZ15.CMX
    46.25-0.01-0.02%
    CLV15.NYM
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    Bonds
    TreasuryYield (%)Yield Change
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    ^TYX

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