Thursday, April 16, 2009

AUDJPY: Still In Consolidation Range

I didn't have time to post another update during the day, but things have been pretty slow anyway.

Here you can see that the AUDJPY has not yet broken out of the trend lines (that I have shown in early charts).

I'm not sure what is going to happen during the Asian session, but as ever, I'm hoping for some bullish action.

See The Bounce?
I'm sure you can see the market honoring the trend line by bouncing off it?

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