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AUD/JPY: Bears Are In Control But Not For Long

Published 06/06/2013, 12:34 AM
Updated 07/09/2023, 06:32 AM
AUD/JPY
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NZD/JPY
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ACT
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JPY pairs broke out of range as most pairs went short, particular the AUD/JPY and NZD/JPY. Bears are in control as the yen gains strength against major currencies. At the current price action, AUD/JPY will target the next support zones at 93.396- 93.100, and 92.509 - 92.215.
Looking back, the start of 2013 shows that these zones can prove to be a turning point.

For Intraday traders, Short JPYs as resistance levels .

Sardar Uddin
TradeCuts
www.tradecuts.com <span class=AUD/JPY-june 6th" title="AUD/JPY-june 6th" width="1503" height="1043">

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