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2 Month Median Line Under Pressure...>

EURO-YEN TECHS
EURO-YEN TECHS: 2 Month Median Line Under Pressure Early Doors
*RES 4: Y131.67 May 3 high
*RES 3: Y131.14/24 Hourly recovery high May 3, May 2 low
*RES 2: Y130.64 Recovery high May 4
*RES 1: Y130.35/45 Hourly resistance
*PRICE: Y129.79 @0817GMT
*SUP 1: Y129.75/79 Hourly support, 2 month median line
*SUP 2: Y129.44 1.618 swing of Y129.90-Y130.64
*SUP 3: Y128.95 Mar 22 low
*SUP 4: Y128.77 2% volatility band
*COMMENTARY* Pushing lower again today, the 2 month median line at Y129.79 under
pressure at the time of writing. Below here and the swing target at Y129.44 then
becomes the protection to the Mar 22 base at Y128.95. As a consequence, nearest
resistance falls to Y130.35-Y130.45 but it currently remains the higher Y130.64
level, that is the key to any lasting recovery. Below Y128.95 and any exuberance
can be caught by the lower 2% volatility band at Y128.77.

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