|USD/JPY Daily Chart 24 May 2013|
The USD/JPY did retrace as we mentioned before in our previous analysis. We manage to ride with the yesterdays's retrace movement to gain some profit. After retrace back to 101.25 support, we consider USD/JPY will have some strength to move up further for now and then.
AUD/USD and NZD/USD Analysis
|AUD/USD Daily Chart 24 May 2013|
AUD/USD bounce off rejecting support 0.9600 ( double zero ). We might find a buy opportunity from this move since this is an important support for AUD/USD as seen also as the monthly chart.
|AUD/USD Monthly Chart 24 May 2013|
Our analysis on the AUD/USD is the same as the NZD/USD, since them both are highly correlated pairs. Only we found the weight of the evidence is much heavier on AUD/USD since the support level is also a monthly support level.
|NZD/USD Daily Chart 24 May 2013|
|EUR/JPY Daily Chart 24 May 2013|
EUR/JPY retraced back to its support 131.10 correlating with USD/JPY. After regaining its strength we consider it will get back up again.