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Decline So Far Held Above Key........>

EURO-YEN TECHS: Decline So Far Held Above Key Y130.02-Y129.99 Support
*RES 4: Y131.89 Apr 27 low, now resistance
*RES 3: Y131.67 Intraday high
*RES 2: Y131.43 Intraday hourly recovery high
*RES 1: Y131.12/24 Hourly resistance, May 2 low
*PRICE: Y130.73 @1723GMT
*SUP 1: Y130.40/50 Hourly support
*SUP 2: Y130.27 Intraday low
*SUP 3: Y129.99/02 Apr 2 low, 76.4% of Y128.95-Y133.49
*SUP 4: Y129.56 2% volatility band
*COMMENTARY* Wednesday's fall was held just above the 50% Fibo retrace level at
Y131.22. Oversold then in the near term, but subsequent recoveries then held
below Y131.80-Y131.90 resistance. The following decline through Y131.22 has been
deep and surpassed the lower 1% volatility band and also the 61.8% Fibo retrace
at Y130.68. A low of Y130.27 so far, ahead of key support between
Y130.02-Y129.99. Resistance Y131.12-Y131.24 but no respite while 131.67 caps.

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