AUDJPY: Poised?

Wednesday, January 20, 2010

I don't have time to snip a chart or anything, however I'd suggest taking a few moments to analyze the AUDJPY.What I see is the potential for a so-called "big W" on the 3 hour chart. You'll notice the right side of the W has a double bottom. If we do get the full "big W" we should see some dramatic upward movement over the week.Fundamentally, inflation, employment and other indicators in