Monday, 5 May 2008

THIS WEEK - AUD/JPY

Lots of talk about a mini revival or rally in US equities....technicals are still unclear,however a rally isn't out of the question..for me...it will just be a rally in a bear market so i remain cautiously optimistic.

This pair is still in a range and a break either side of that will get me interested..
100.40 to the upside and 94.00 to the downside. No positions yet - my long term bias remains bearish.

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