30th Aug - Modest EUR/JPY Rally Nears First Key Resistance Area
30 August 2012
WEEKLY CHART:
The drop back this year has found support from the falling support line, but how far can the cross rebound?
DAILY CHART:
The chart remains in s/term recovery mode for now.
Note the s/term channel top projection at 99.55 plus 38.2% bounce level at 100.70 – a breach of these would encourage further recovery and call for higher targets.
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29th Aug - Crude Oil Testing 76.4% Resistance