15th Aug - Can 76.4% Support in USD/JPY Hold?
15 August 2012
WEEKLY CHART:
Earlier recovery saw a test of the bear channel top, which repelled the advance. It remains first key resistance on this chart, currently running just above 81.00.
DAILY CHART:
The latest slip back, from near resistance from the old channel base, has again found clear support from the 76.4% pullback level. This now looks pivotal, with a break lower to encourage bears out of the woodwork. Any buyers have a clear risk level here.
Meanwhile a recovery beyond the 80.59 25-Jun high would be a bullish signal.
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15th Aug - Cocoa Attempts Another Recovery