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Old 04-21-2009, 09:06 AM   #1 (permalink)
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Post AUDJPY – Overall looks weak



AUDJPY: Overall the chart setup is bearish with the failure at the 200 day moving average. The market did not manage to close below the support level at 68.25 yesterday and is correcting up today. Good resistance
is at 69.60 and then again at 70.00. Failure to move above resistance levels would be an interesting bearish development that could set the scene for a move down to the 55 day moving average which is at 65.29.
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Old 04-23-2009, 12:13 AM   #2 (permalink)
 
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thanks for the post.
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