AUDJPY Stop Losses Hit

Tuesday, January 8, 2008

Well, positions entered overnight and this morning have now been stopped out. We are approaching the SMA-50 (simple moving average over fifty measurements) at approximately 96.37 and we are likely to enter a buying zone soon.Obviously, the risk is that it won't bounce, or worse, that it will bounce, give us false confidence, and then fall like a rock.In any case, I'll be taking small chunks with