JPY crosses/Technical Analysis

Risk-on traders preferring to buy EUR ahead of AUD

Today’s PMI data out of China was reasonably promising but the poor domestic data in Australia has dissuaded the ‘risk-on’ traders from looking at the AUD and instead its the EUR which is again benefitting. Next resistance for EUR/JPY is a prior daily high near 108.00

  1. I am not sure where this japanese bull will stop. I thought 107.20 was a good area to short but now looks like 107.40 was not good either. don’t know how much more but its a one sided train and 93.80 to 107.60 is a lot by any standards

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