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AUD/JPY marching higher

By   || March 31, 2011 at 23:10 GMT
|| 2 comments || Add comment

No sign of any slowing down in the bullish march and the pair is now above 86.00. The obvious technical target is at 88.00 but that’s a long way away yet.

On the order front:

  • AUD/JPY: Decent sell orders noted starting at 87.15 through 87.50
  • AUD/USD: Stops above 1.0380 and 1.0400. Sell orders dominate again around 1.0425. Not much on downside until corporate bids at 1.0200.
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2 Responses to “AUD/JPY marching higher”

  1. George on March 31st, 2011 23:14 GMT

    Sean, what’s your view on gold and silver?

  2. Sean Lee on March 31st, 2011 23:20 GMT

    To infinity and beyond George :) Don’t see any reason to sell either. The physical market in Asia keeps buying, the futures players try to hold it down but must eventually cover. Not sure where they go to but it certainly doesn’t feel like a top’s been reached imho

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