FOREX Trading: Shorting Yen Crosses Slightly Higher

RELATED QUOTES

SymbolPriceChange
AUDJPY=X79.2003-0.0318
EURJPY=X122.5262-0.05

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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  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3799+0.0005+0.03%
    USDSGD=X
    1.5338+0.0005+0.03%
    EURSGD=X
    2.0177+0.0007+0.03%
    GBPSGD=X
    79.8826-0.0587-0.07%
    SGDJPY=X
    5.6286-0.0018-0.03%
    SGDHKD=X
    2.9651-0.0002-0.01%
    SGDMYR=X
    9,841.6572-3.2139-0.03%
    SGDIDR=X
    4.7582-0.0015-0.03%
    SGDCNY=X
    0.9915+0.0003+0.03%
    AUDSGD=X
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    CLN16.NYM
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