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Fibo Retrace At Y132.88 The..........>

EURO-YEN TECHS
EURO-YEN TECHS: Fibo Retrace At Y132.88 The Immediate Bar To Further Gains
*RES 4: Y134.50/70 Oct 25 high, 1% volatility band
*RES 3: Y134.38 Dec 1 high
*RES 2: Y134.05 Dec 4 high
*RES 1: Y133.88/89 76.4% of Y134.38-Y132.26, Dec 11 high
*PRICE: Y133.60 @1037GMT
*SUP 1: Y133.11/20 Dec 8 low, hourly support
*SUP 2: Y132.71 Hourly base Dec 7
*SUP 3: Y132.55 Hourly congestion area Dec 6
*SUP 4: Y132.26 Dec 6 low
*COMMENTARY* Having found support at Y132.26 last Wednesday, now moving back up
the Y134.50-Y131.17 range, that has been in existence for the last 3 months. The
76.4% Fibo retrace level at Y133.88 is the next potential barrier to gains,
Y134.05-Y134.38 higher. In the interim, support comes from Y133.20-Y133.11, loss
would trigger a deeper correction of that rise from Y132.26, with
Y132.71-Y132.55 below.

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