AUDJPY Popped To 72.30

Friday, April 3, 2009

Though I had expected a downturn before the pop... the long flat period today in the 71.xx range clued me in to a possible spike.When the 15 min bollinger bands tightened up and the price popped above it, the clinch was in.I hopped on with a couple tiny positions, nearly instantly protected by stop losses, and grabbed a few pips on the spike.Now the question is, will the uptrend continue or will