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New Low But Higher Close Creates.....>

EURO-YEN TECHS
EURO-YEN TECHS: New Low But Higher Close Creates Bullish 'Outside' Day
*RES 4: Y132.47 38.2% Fibo of Y137.51-Y129.35, 1% vol band
*RES 3: Y132.19 Feb 27 high
*RES 2: Y131.52/55 76.4% Fibo of Y132.19-Y129.35, i'day high
*RES 1: Y131.25/35 Hourly resistance
*PRICE: Y130.77 @0942GMT
*SUP 1: Y130.45 Hourly support
*SUP 2: Y130.19 Initial recovery high Mar 5, now support
*SUP 3: Y129.65/70 Hourly congestion area Mar 2
*SUP 4: Y129.35 Mar 5 low
*COMMENTARY* A fresh fall Monday saw a low of Y129.35, before finding some
support on the back of some near term oversold conditions. With the close above
Friday's Y130.53 high, this has created a potentially bullish 'outside' day on
the daily chart. Now needing to clear Y131.52-Y131.55 to carry this recovery on
and some greater correction of this year's losses from Y137.51. Support
Y130.45-Y130.19, back below Y129.65 would caution.

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