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11th Apr - USD/JPY Reaches 50% Retracement Level

11 April 2013

WEEKLY CHART:

The upmove has now reached the 99.86 50% retracement area, sometimes effective resistance/ support in JPY-related markets.

DAILY CHART:

Bulls have again been spurred on, and our next Fibo projection at 99.45 has now been tested, near to the 50% level on the Weekly chart. S/term we await reaction around here.

At this stage a drop back below the 92.54 02-Apr low would sideline the bulls.

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12th April - The Nikkei awakes

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11th Apr - Wheat Reaches Long Term Support Line

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