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Conflicting Signals Result In Near...>

EURO-YEN TECHS
EURO-YEN TECHS: Conflicting Signals Result In Near Term Consolidation
*RES 4: Y133.06 Feb 21 high
*RES 3: Y132.47 38.2% Fibo of Y137.51-Y129.35
*RES 2: Y132.19/29 Feb 27 high, 1% volatility band
*RES 1: Y131.98/02 Mar 8, Mar 6 highs
*PRICE: Y131.80 @0837GMT
*SUP 1: Y130.85/97 Hourly support, Mar 12 low
*SUP 2: Y130.52/53 Mar 8 low, Mar 2 high
*SUP 3: Y130.27 Initial rally high Mar 5, now support
*SUP 4: Y129.95/00 Congestion area Feb 28-Mar 5
*COMMENTARY* Last Monday's bullish 'outside day' resulted in a Y132.02 rise,
before meeting resistance from some overbought conditions. The subsequent lower
close then saw the appearance of a potentially bearish 'Doji' candle at
Tuesday's close. The loss of Y130.93 support switched attention to the Y130.53
area for next clues. Have to hold around here or risk returns lower. Meanwhile,
through Y132.02 and Y132.19-Y132.47 then bars the way to Y133.06.

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