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9th June - Is the Yen a bull market too?

09 June 2014

TECHNICALS:

 

Weekly chart

 

The market is breaking up through the High from 2003.

But note that the prior High of 146.44  from 2013 has yet to be broken.

But we already have a close above 145.28 which was only achieved once before.

A second weekly close above 145.28 would be the signal that the bulls need…..

Daily June 2014  chart

Here is the detail. Note the solidity of the band of support beneath the market 144.99/145.24… and the recent bounce off …

The chances of a second weekly close above 145.28 look strong

 

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13th Jun - Silver’s Long Term 76.4% Support Still Under Pressure

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06th Jun - Gold Slips to 76.4% Support

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