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Bears Need Close Below Y130.37.......>

EURO-YEN TECHS
EURO-YEN TECHS: Bears Need Close Below Y130.37
*RES 4: Y132.90 Weekly Bollinger band top 
*RES 3: Y132.23 2016 High Jan 29 2016 
*RES 2: Y131.64 High Feb 4 2016 
*RES 1: Y131.02 Bollinger band top
*PRICE: Y130.92 @ 0430GMT
*SUP 1: Y130.59 High July 31 now support 
*SUP 2: Y130.37 Hourly support Aug 1 
*SUP 3: Y129.89 Low Aug 1 
*SUP 4: Y129.76 21-DMA
*COMMENTARY: The 21-DMA has supported the past 2 weeks and provided the base for
a break of Y130.75 that sees bullish focus shift to Y131.64-132.23. The 200-WMA
comes in around Y130.65 with bulls needing a close above to add support to their
case. The Bollinger top is the key concern for bulls with potential to limit
follow through. Bears now need a close below Y130.37 to ease bullish pressure
and shift focus back to the 21-DMA once again.

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