Jamie's Pick: 02/03/11
The AUDJPY has traded in a volatile slightly downward sloping range for the past month. The minor slide could be the beginning of a larger decline. Price reversed right at its upper diagonal line in December and has broken below the lower diagonal line in 2011, which is bearish. The negative 20-50 average cross is also bearish. I like the short side with a stop at 8295.
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