Sunday, April 19, 2009

AUDJPY: Breaking Trend?

Though I'm a bit leery of Sunday price action it looks like a fairly long term support line is being broken.

This could be interesting.

... continuing ...

Looking closer, this may not yet be a break, as there have been previous "breaks" which gives us a bit of leeway here. A redraw based on a previous "break" leaves a bit of breathing room still.

... continuing ...

Waking up at 5:30am I see that while I may have a long term bullish expectation it looks like we've had and/or are having some downward movement. I'm not going to look very closely right now -- I need to get back to sleep.

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