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Initial Focus On 2016 High *RES 4:...>

EURO-YEN TECHS: Initial Focus On 2016 High
*RES 4: Y132.80 High Dec 22 2016
*RES 3: Y132.25 2016 High Jan 29
*RES 2: Y132.20 Bollinger band top
*RES 1: Y132.01 2017 High Sept 13
*PRICE: Y131.84 @ 0430GMT
*SUP 1: Y131.49 Hourly resistance Sept 12 now support 
*SUP 2: Y131.31 Alternating hourly support/resistance 
*SUP 3: Y130.90 High Sept 11 now support 
*SUP 4: Y130.63 Hourly support Sept 12
*COMMENTARY: The 55-DMA and bull channel base supporting provided the catalyst
for a move to fresh 2017 & 20mth highs and immediate bullish focus on 2016
highs. The Bollinger top is the key concern with potential to limit follow
through. Bears now look for a close below Y131.31 to ease bullish pressure and
below Y130.63 to shift immediate focus back to Y129.25-130.10. Below Y129.25
remains needed to end bullish hopes and shift initial focus to Y128.30.

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