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21-DMA Continues To Support *RES.....>

EURO-YEN TECHS
EURO-YEN TECHS: 21-DMA Continues To Support
*RES 4: Y130.75 2017 High July 11 
*RES 3: Y130.57 High July 25 
*RES 2: Y130.40 Hourly resistance July 28 
*RES 1: Y130.09 Alternating hourly support/resistance
*PRICE: Y129.70 @ 0430GMT
*SUP 1: Y129.51 21-DMA 
*SUP 2: Y128.76 Low July 20 
*SUP 3: Y128.48 Low July 13 
*SUP 4: Y128.07 Daily Bull channel base
*COMMENTARY: Yet another topside failure ahead of Y130.75 sees pressure back on
the 21-DMA that supported on dips last week. Bears look for a close below the
21-DMA to see pressure back on the Y128.48 support and below this level to hint
at a move back to the 55-DMA (Y126.50). Initial resistance is now noted at
Y130.09 with bulls needing a close above to gain breathing room and retain focus
on Y130.75. Above Y130.75 targets Y131.64-132.23.

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