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01st Nov - Recovery in GBP/JPY Continues

01 November 2014

MONTHLY CHART:

The multi-year recovery in this

cross rate is now closing in on

the long term50% retracement

level towards 184.00.

DAILY CHART:

Good support was recently found

at a 76.4% pullback level. With

potential resistance from prior

highs overcome the s/term focus

is on the 180.66 Sep high and

rising resistance at 181.65. A

break through these would invite

higher targets.

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01st Nov - Carbon Emissions Return to Key 76.4% Resistance

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