AUDJPY: Decision Point

Thursday, April 23, 2009

I'm looking at the 3HR chart at the moment. We seem to be looking at an impending strike on a recent support line.If this resistance holds we might have a technical setup that would allow for a nice gain.Take a look:See how there was something of a W shape starting in the middle of the 19th? See how the chart is currently on the second touch down of a second W? If we bounce off the support line

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