Wednesday, February 17, 2010

AUDJPY: Range Or Reversal?

The AUDJPY has had a nice run just recently.

However, the 1HR is showing a small double top. Obviously, we might be looking at the beginning of a range discovery action or perhaps even a reversal if we get renewed panic concerning Greece or similar situations.

Be patient and look for good opportunities.

Now if only I can take my own advice... ;)

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