8th August - The strange case of the Yen bonds
12 August 2013
TECHNICALS:
MONTHLY CHART
The market looked to have failed at a Prior High 145.28 rather spectacularly in April and worse, broke a clear uptrend support in May.
But four months later the market is retracing boldly, and in good volume.
DAILY CHART
The detail is impressive:
Not only has the downtrend resistance been smashed...
not only has the prior Low resistance at 143.50 been smashed...
But the internal structure of the bull trend is clear and solid. See how the Prior High 143.26 has been good support - ratcheting the market higher.
The trend looks as if it might go further still.
Next story:
15th Aug - Silver Recovering Off Long Term 76.4% Level 
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09th Aug - EUR/GBP Between Two Pivotal Levels