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Bears Need Close Below Y130.87.......>

EURO-YEN TECHS
EURO-YEN TECHS: Bears Need Close Below Y130.87
*RES 4: Y132.79 High Dec 22 2015 
*RES 3: Y132.23 2016 High Jan 29 2016 
*RES 2: Y131.70 High Aug 30
*RES 1: Y131.62 Bollinger band top
*PRICE: Y131.27 @ 0430GMT
*SUP 1: Y130.86 Low Aug 30 
*SUP 2: Y130.30 Hourly resistance Aug 29a now support 
*SUP 3: Y129.88 Hourly support Aug 29 
*SUP 4: Y129.60 Low Aug 29
*COMMENTARY: The Y129.37 support confirmed significance with support emerging
ahead of this level Tuesday. The Y129.37 support remains key with bears needing
a close below to shift focus back to the 55-DMA (Y128.88). The recovery from
Tuesday's dip has resulted in fresh 2017 highs with bulls now focused on
Y132.23-79 where 2016 highs are located. Initial support is noted at Y130.87
with bears needing a close below to gain breathing room.

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