FOREX Trading: Shorting Yen Crosses Slightly Higher

RELATED QUOTES

SymbolPriceChange
AUDJPY=X91.7400+1.5027
EURJPY=X136.1614+0.3318

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
    1.3758-0.0019-0.14%
    USDSGD=X
    1.5112+0.002+0.13%
    EURSGD=X
    2.1484+0.001+0.05%
    GBPSGD=X
    90.0875+0.0824+0.09%
    SGDJPY=X
    5.6357+0.0079+0.14%
    SGDHKD=X
    2.7961-0.0032-0.12%
    SGDMYR=X
    9,803.0967+22.2832+0.23%
    SGDIDR=X
    4.5126+0.0051+0.11%
    SGDCNY=X
    1.0184+0.0158+1.58%
    AUDSGD=X
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    GCU15.CMX
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    ^XAU
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    46.19+0.63+1.38%
    CLV15.NYM
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