Eoin Treacy's view Philippines - representative of a strong day in Asia. The Philippines Composite Index has experienced a process of mean reversion since hitting a medium-term peak in November. It found support in the region of the 200-day MA and the 2007 peak from mid February and is now pulling away from that area. A sustained move below 3700 would be required to begin to question potential for additional medium-term upside.

Japanese Yen per 1 Australian Dollar - the Australian Dollar has posted an almost unbroken progression of higher reaction lows against the Yen since June 2010. Despite the Yen's short-term rally two weeks ago, a sustained move below ¥80 would be required to question potential for additional upside.

EuroBunds - remains in a relatively consistent medium-term downtrend and a rally strong enough to challenge the progression of lower rally highs, currently near 124, would be required to check scope for additional downside.

Platinum - found at least short-term support near the 200-day MA three weeks ago and would need to sustain a move below $1650 to question potential for some additional higher to lateral ranging.


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