01st Nov - EUR/JPY Reaches Key Resistance
01 November 2012
WEEKLY CHART:
See how the long term falling ‘support' has held nicely, prompting a rebound in Jul.
DAILY CHART:
The recovery has reached the key resistance area that includes the falling resistance line, 104.61 16-Apr low and 104.80 61.8% level. A break through this would provide the bulls with fresh impetus.
At this stage s/term dips should ideally hold above the 99.62 27-Sep low.
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01st Nov - Sugar Drops Back Towards Long Term 76.4% Support