AUDJPY: Long Entry Decision

Thursday, April 16, 2009

I've been having some success calling the shots on the AUDJPY charts.This morning we've been having a correction from yesterday's highs. While I've been hearing scuttlebutt on twitter concerning shorting the carry trades, I remain upward biased.My view, the current drop in price is setting us up for a possible double bottom or simply a W shaped chart. Simultaneously, I do see some stochastic and