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EURO-YEN TECHS: Next Target Zone Situated Between Y129.54-Y129.78
*RES 4: Y131.06 50% Fibo of Y137.51-Y124.62
*RES 3: Y130.29 2% volatility band
*RES 2: Y129.78 76.4% Fibo of 131.38-124.62
*RES 1: Y129.54/58 38.2% Fibo of Y137.51-Y124.62, i'day high
*PRICE: Y129.36 @0925GMT
*SUP 1: Y128.70 Hourly support
*SUP 2: Y128.20 Hourly congestion Jun 4-Jun 5
*SUP 3: Y127.79 Jun 5 low
*SUP 4: Y127.13 Jun 1 low
*COMMENTARY* Has continued to regain ground, following last week's exhaustion
spike to the base of the 4 month bear channel. Today we have seen the rally move
through Y128.80-Y129.00 resistance, the latter the upper 1% volatility band.
This sees the 38.2% Fibo retrace level at Y129.54 as the next potential barrier
to cross, a maintained break having potential for the 76.4% Fibo level at
Y129.78 next. Meanwhile, Y128.70 provides support, Y128.20 below.