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01st Nov - Sugar Drops Back Towards Long Term 76.4% Support

01 November 2012

WEEKLY CHART - CONTINUATION:

The long term 76.4% retracement has so far provided effective support. Recent weakness is once more turning the focus of attention onto this.

DAILY CHART - Mar-13:

The latest pullback, after a modest Sep rally, has seen a new 2012 low.

Immediate focus is now on the bear channel base support just above 19.00 currently - and there is a good chance that this will give way.

A break below this would open up the lower Fibo projection at 18.00 next.

 

 

 

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01st Nov - EUR/JPY Reaches Key Resistance

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25th Oct - USD/JPY Recovery In Process

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