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Consolidation Range Still Prevails...>

EURO-YEN TECHS
EURO-YEN TECHS: Consolidation Range Still Prevails
*RES 4: Y131.52 1.618 swing of Y130.51-Y128.87
*RES 3: Y131.09 1% volatility band
*RES 2: Y130.62/77 Jul 26, Jul 11 highs 
*RES 1: Y130.41 Jul 28 high
*PRICE: Y129.86 @0930GMT
*SUP 1: Y129.55 Jul 27 low
*SUP 2: Y129.25 Jul 25 low
*SUP 3: Y128.87 Jul 24 low 
*SUP 4: Y128.49/58 Jul 13, Jul 19 lows 
*COMMENTARY* Has settled into a range over the last 3 weeks below the Jul 11
high at Y130.77. The upside will only benefit on a clear break here, with the
upper 1% volatility band then the bar to a greater Y131.52-Y132.18 rise. The
latter the swing target of the Y130.77-Y128.49 fall seen earlier this month. In
the interim, a succession of recent lows currently protect the base of the range
at that Y128.49 level. Loss here would disappoint now.

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