17th Jan - EUR/JPY Heading For Long Term 38.2%
17 January 2013
WEEKLY CHART:
Recent breaks of the bear channel top and 23.6% retracement provide bullish signs.
Next target is the 123.08 38.2% level.
DAILY CHART:
The continued recovery here has found temporary resistance from near a Fibo projection at 120.20.
First support comes from the 23.6% pullback level just below 114.00. The 111.52/43 old highs area offers next support.
In due course there should be more for the bulls to play for.
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17th Jan - Soybeans Held By 61.8% Support