05th Apr - EUR/JPY Struggles With Upward Momentum
05 April 2014
WEEKLY CHART:
The long term recovery has so far stopped short of the 76.4% retracement.
DAILY CHART:
The channel base at 139.50 currently provides key support, but recovery attempts from this are being hindered resistance still coming from the Fibo projection at 143.65.
The current danger for the bulls is a breach of the channel base which would signal a deeper correction underway.
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04th Apr - Silver Recovery Off Long Term 76.4% Disappointing