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Decline Still Using Lower 1%.........>

EURO-YEN TECHS
EURO-YEN TECHS: Decline Still Using Lower 1% Volatility Band For Guidance
*RES 4: Y129.77 Recovery high Aug 16
*RES 3: Y129.38 Congestion area Aug 17 
*RES 2: Y129.13/16 Hourly low/high Aug 17
*RES 1: Y128.79 Aug 18 high
*PRICE: Y128.12 @0933GMT
*SUP 1: Y127.80/85 Hourly support
*SUP 2: Y127.56/60 Aug 18 low, 1% volatility band
*SUP 3: Y127.04 Equality fall from Y130.40 to Y131.41-Y128.05
*SUP 4: Y126.91 50% Fibo of Y122.40-Y131.41
*COMMENTARY* Still losing ground, the decline currently using the lower 1%
volatility band as a median for it's travels. A low of Y127.56 on Friday before
seeing a bounce, this will need to move back above Y128.79 before thoughts can
turn to a higher Y129.13-Y129.38 recovery. In the interim, Y127.80-85 offers
immediate protection to Y127.56 again, beneath which Y127.04-Y126.91 becomes the
next target zone.

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