Sunday, November 8, 2009

AUDJPY Forecast

What the heck, I may as well jump out on a limb and let you know what I'm seeing with the AUDJPY.

Basically, if you look at the chart, we've had a good support line since the beginning of November.

Now, if I've got the right chart uploaded, take a look below:

Personally, I'd suggest taking a long position when the price approaches the support line. You can set a nearby stop and protect yourself from much by way of downside risk.

The only issue, for me, is that Sunday trading seems a bit wild at times.

UPDATE: Well, I hope somebody played the bounce...

It was worth it.

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