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Becoming Overbought On The...........>

EURO-YEN TECHS
EURO-YEN TECHS: Becoming Overbought On The Approach To Upper 1% Vol Band
*RES 4: Y133.06 Feb 21 high
*RES 3: Y132.44 Mar 13 high
*RES 2: Y132.22 38.2% Fibo of Y137.51-Y128.95
*RES 1: Y131.82/92 Intraday high, 1% volatility band
*PRICE: Y131.47 @0800GMT
*SUP 1: Y130.80/90 Hourly support
*SUP 2: Y130.30/35 Hourly basing area Mar 26
*SUP 3: Y129.60/65 Hourly congestion area Mar 23-26
*SUP 4: Y129.32 1% volatility band
*COMMENTARY* Has continued to recover following last Thursday's fall to Y128.95,
just above the key Y128.90-Y128.85 support area. A high of Y131.82, as we reach
toward the upper 1% volatility band, at Y131.92 today. Has become overbought in
the near term, so a pullback of sorts is anticipated. Nearest support of note
comes from between Y130.90-Y130.80, loss would caution and expose
Y130.30-Y129.60 below. Through Y131.92 and not much ahead of Y132.22-Y132.44.

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