25th Oct - USD/JPY Recovery In Process
25 October 2012
WEEKLY CHART:
See how the bear channel top is once more under attack – a break through this would be bullish.
DAILY CHART:
Following consolidation above the rising support line a recovery has got underway, now testing/eroding a 38.2% retracement. The more interesting resistance, though, should be around the 80.59 25-Jun high and nearby 50% level, with a break through this latter to provide a further bullish signal.
Next story:
01st Nov - Sugar Drops Back Towards Long Term 76.4% Support ![]()
Previous story:
25th Oct - Soybeans In Pullback Phase ![]()

