Recent Forex Efforts

Since the recent yen cross meltdown started I've been trying to keep from getting caught on the wrong side of any massive downward moves.

As I generally trade only the AUDJPY, mostly on the long side, things have been pretty quiet!

However, we are now facing some resistance at 74.50 on the 1hr -- which should be illustrative. We have done what might be a triple bounce off of support in the vicinity of 70.90 or so too. I'm thinking we may have another downturn to confirm support but we could certainly get right back to business without it.

In any case, as the market is starting to act rational, I'm just about ready to start trading according to my own particular style.