Thursday, April 23, 2009

AUDJPY: Did We Bounce?

My last blog post, audjpy decision point, talked about an upcoming decision point. At the moment it looks like we are going to begin an upward leg.

I'm feeling particularly cautious at the moment, especially since this is only on the 15 minute chart, but I thought I'd post it.

Notice the last candlestick:

As I'm long term bullish on AUDJPY let's hope this is the beginning, or perhaps resumption, of an upward trend. However, I must point out that the 1 day chart is not very promising.

No comments: