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Fibo Retrace At Y133.88 Remains......>

EURO-YEN TECHS
EURO-YEN TECHS: Fibo Retrace At Y133.88 Remains The Bar To Further Gains
*RES 4: Y134.50/70 Oct 25 high, 1% volatility band
*RES 3: Y134.38 Dec 1 high
*RES 2: Y133.88/89 76.4% of Y134.38-Y132.26, Dec 11 high
*RES 1: Y133.51/65 Dec 13 high, hourly resistance
*PRICE: Y133.29 @1256GMT
*SUP 1: Y133.00 Hourly support
*SUP 2: Y132.85 Dec 13 low
*SUP 3: Y132.55 Hourly congestion area Dec 6
*SUP 4: Y132.26 Dec 6 low
*COMMENTARY* Found support at Y132.26 last week, then subsequently 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,
Y134.38 higher. In the interim, support now comes from Y133.00, loss would
trigger a deeper correction of that rise from Y132.26, with Y132.85-Y132.55
below. In the meantime, Y133.51-Y133.65 provides near term resistance.

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