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Focus Once Again On Range Top As.....>

EURO-YEN TECHS
EURO-YEN TECHS: Focus Once Again On Range Top As Recovery Continues
*RES 4: Y135.82/92 1.618 swing Y134.38-Y132.05, 2% vol band
*RES 3: Y134.50/59 Oct 25 high, 1% volatility band
*RES 2: Y134.38 Dec 1 high
*RES 1: Y134.11 Intraday high
*PRICE: Y134.08 @1027GMT
*SUP 1: Y133.60/65 Hourly support
*SUP 2: Y133.25/30 Minor hourly congestion Dec 19
*SUP 3: Y133.01 Dec 18 high, now support
*SUP 4: Y132.55 Hourly base Dec 18
*COMMENTARY* Racing up the range after the hold at 132.05 last week, yesterday
prompted a rise through Y133.35 resistance and now today above Y133.76-Y133.89.
The latter seen as the potential bar to a return towards the top of the range
between Y134.38-Y134.59. A move above the latter is however required, before the
topside is fully back in control and targeting Y135.82-Y135.92. Meanwhile,
support rises to Y133.65-Y133.60, loss would open corrective opportunities.

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