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 ![]()

