Wednesday, November 11, 2009

AUDJPY: Ominously Flat

I'm looking at a short term chart, but the lack of volatility suggests that something is in the air.

Even with the recent good news from China things have been relatively lethargic.

The daily chart is also showing the potential to have a few down days.

This seems like a good time to manage risk.

UPDATE: This evening, while I was on the road, I see that we had a nice spike upwards, hitting my take-profit points and leaving me flat. Nice.

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