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Aug 30 High At 131.71 Retested,......>

EURO-YEN TECHS
EURO-YEN TECHS: Aug 30 High At 131.71 Retested, Y131.92-Y132.10 Above
*RES 4: Y132.85 4 week bull channel top projection
*RES 3: Y132.23/33 Aug 2015 low, Feb 2016 high
*RES 2: Y131.92/10 1% vol band, 1.618 swing Y131.09-Y129.46
*RES 1: Y131.71 Aug 30 high
*PRICE: Y131.67 @1610GMT
*SUP 1: Y131.09 Sep 7 high, now support
*SUP 2: Y130.91 Sep 11 high, now support
*SUP 3: Y130.67 Sep 8 high, intraday low
*SUP 4: Y130.37 Hourly high Sep 8, now support
*COMMENTARY* Still gaining ground, having found support from the 3 month rising
support line last week. Today's rise through the pivotal Y130.70-75 area, has
now left minor resistance from the Sep 1 high at Y131.35 behind, as we retest
the year's previous Y131.71 high. As a consequence, support also on the rise,
the Y131.09-Y130.91 area now seen as protecting against any near term corrective
forces of the recent impressive gains. Above Y131.71 and Y131.92-Y132.10 next.

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