Ranges to watch in early Friday trade.
Obviously the Yen crosses are the main ones to watch:
- USD/JPY: Reports of a barrier at 80.50 and strong technical resistance at 80.60 should be hard to breach. Dips towards 80.00 will find plentiful support:
- EUR/JPY: I’m running a short trade here (see members) and I think 103.70/104.30 will cover it for the next few hours:
- EUR/USD: Depends what happens in EUR/JPY; looks like 1.2920/60 should contain:
- AUD/USD: I’m still bearish but momentum is lacking, lot depends on AUD/JPY. I’d suggest 1.0335/75 range trading:
Overall it should stay quiet so I’m off for a few hours. See you a little later++