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EURO-YEN TECHS: Continued Fall Has Y129.63-Y129.l66 As Next Support
*RES 4: Y132.58 Underside prev broken 5 month support line
*RES 3: Y131.71 Aug 30 high
*RES 2: Y131.35 Sep 1 high
*RES 1: Y130.71 Aug 31 low, Sep 4 high
*PRICE: Y130.06 @0854GMT
*SUP 1: Y129.63/66 50% of Y127.56-Y131.71, Aug 28 low
*SUP 2: Y129.15/19 61.8% of Y127.56-Y131.71, Aug 22 high
*SUP 3: Y129.05 1% volatility band
*SUP 4: Y128.54 1% 76.4% Fibo of Y127.56-Y131.71
*COMMENTARY* Still undergoing some correction of last month's Y127.56-Y131.71
rise. Today's loss of Y130.14 has given the downside some further impetus, with
Y129.63-Y129.66 now the next focus. Becoming oversold on an intraday basis but
still requires a move back above Y130.71, before any real confidence in a
recovery will appear. Through here and Y131.35 then becomes the next barrier to
cross. Below Y129.63 and the correction continues, Y129.19-Y129.05 next.