Tuesday, January 8, 2008

AUDJPY Bounce?

Well, it looks like it is going to bounce up. On the chart below you can see the AUDJPY dropped to touch the SMA (simple moving average) around 97.75 about the time I posted about being stopped out.

Since I was taken out of several positions, I did sneak another one back in and I do still have a few that are still underwater.

Recent AUDJPY Movement
Whether or not it will mean anything, the 1hr chart is showing a nice fat double bottom situation.

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