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Consolidation Break Halted By........>

EURO-YEN TECHS
EURO-YEN TECHS: Consolidation Break Halted By 38.2% Fibo Retrace Level
*RES 4: Y133.19 Equality rise from Y130.52 to Y132.02-Y129.35
*RES 3: Y133.06 Feb 21 high
*RES 2: Y132.95 1.618 swing of Y132.02-Y130.52
*RES 1: Y132.44/47 Mar 13 high, 38.2% Y137.51-Y129.35, 1% vol
*PRICE: Y131.90 @0900GMT
*SUP 1: Y131.55/70 Hourly support
*SUP 2: Y131.25/30 Hourly congestion Mar 7-Mar 12
*SUP 3: Y130.92/97 Hourly base Mar 6, Mar 12 low
*SUP 4: Y130.52 Mar 8 low
*COMMENTARY* Last Monday's bullish 'outside day' resulted in a Y132.02 rise,
before meeting resistance. The subsequent lower close then saw the appearance of
a potentially bearish 'Doji' candle at Tuesday's close. Yesterday's move back
above Y132.02 seemingly negates this but has been capped by the 38.2% Fibo
retrace level and upper 1% volatility band at Y132.47. Support comes from
Y131.70-Y131.25 and should hold here, if the rally is to continue at this stage.

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