29th May - Initial Fatigue Signs in EUR/JPY Bulls
29 May 2013
WEEKLY CHART:
The upmove is now testing/ eroding the 50% retracement just above 132.00. there could be a struggle to clear this easily – see below)
DAILY CHART:
The market has firmed towards our Fibo projection at 134.17 and is finding temporary resistance here. In this regard note the negative RSI divergence now visible – s/term weakness would not surprise, and aggressive sellers could be tempted.
First supports include the 16-Apr 125.00 low and falling return line at 122.35.
Next story:
31st March - Sell the German Bund 
Previous story:
29th May - Coffee Still Grinding Lower