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1% Volatility Band Break Exposes.....>

EURO-YEN TECHS
EURO-YEN TECHS: 1% Volatility Band Break Exposes Y129.32-Y129.26 Support
*RES 4: Y130.88 Jul 18 low, now resistance
*RES 3: Y130.45 Jul 23 high
*RES 2: Y130.20 Intraday high
*RES 1: Y129.90/00 Hourly resistance
*PRICE: Y129.49 @1534GMT
*SUP 1: Y129.32 2 month daily rising support line
*SUP 2: Y129.26 76.4% Fibo of Y128.42-Y131.99
*SUP 3: Y128.84 Former 2018 resistance line, now support
*SUP 4: Y128.49 Jul 4 low
*COMMENTARY* Having broken above key Y131.38-Y131.40 resistance, the rally was
frustrated by the upper 1% volatility band at Y131.99 last week. The subsequent
fall has since broken below initial support from Y130.42 and the 50% Fibo
retrace level at Y130.20 and today from the lower 1% volatility band at Y129.60.
This exposes the downside to deeper Y129.32-Y129.26 fall. Meanwhile, resistance
from between Y129.90-Y130.20 is the bar to any recovery potential.

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