To some extent the election results were to be expected - the moderate vote got divided between President Toledo and Mr. Kuczynski, creating room for the extreme candidates - Ms Fujimori on the right and Mr. Humala on the left.
While Mr. Humala has a populist message, the question is, can he become the new Luiz Lula of Peru, one who had populist feathers but enough economic sense to not derail the reforms? On the other hand the question for Ms. Fujimori is, can she convince the large swath of Peruvians who have yet to benefit from the economic reforms, that she is the right candidate to ensure the distribution of economic benefits to all Peruvians.
Here is what the most famous Peruvian has to say about the election!
BBC News - Peru faces polarising election as populists face off: "Before the election, Peru's Nobel prize-winning author Mario Vargas Llosa described the possible second-round scenario between Mr Humala and Ms Fujimori as like choosing between cancer and Aids. With the option confirmed, he said Peruvians now had a choice between 'suicide and a miracle'."
The suspense continues for a couple more months!