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Fall Continues, Y125.05-Y124.93......>

EURO-YEN TECHS
EURO-YEN TECHS: Fall Continues, Y125.05-Y124.93 Provides Next Support
*RES 4: Y127.15/28 May 25 low, hourly recovery high May 28
*RES 3: Y126.82 May 28 low, now resistance
*RES 2: Y126.47 Lower 2% volatility band
*RES 1: Y125.90/95 Hourly resistance
*PRICE: Y125.19 @0930GMT
*SUP 1: Y125.05/10 4 month bear channel base, intraday low
*SUP 2: Y124.93 Equality fall from Y133.49 to Y137.51-Y128.95
*SUP 3: Y124.65 Jun 20 high, now support
*SUP 4: Y123.66 Jun 21 low
*COMMENTARY* The decline has extended again today, moving below the lower 2%
volatility band at Y126.47. The first time this band has been exceeded, on
either side, since Nov 2016. Always cautious when this happens as usually never
long lasting. Support comes from between the 4 month bear channel base
projection at Y125.05 and the equality fall target at Y124.93. resistance
Y125.90-Y125.95 and then that band at Y126.47.

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