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Pivotal Support Now Seen Between.....>

EURO-YEN TECHS
EURO-YEN TECHS: Pivotal Support Now Seen Between Y129.43-Y129.26
*RES 4: Y130.88 Jul 18 low, now resistance
*RES 3: Y130.45 Jul 23 high
*RES 2: Y130.29 Jul 25 high
*RES 1: Y130.05/15 Hourly resistance
*PRICE: Y129.62 @1545GMT
*SUP 1: Y129.41/43 2 mth daily rising support line, 1% vol
*SUP 2: Y129.26 76.4% Fibo of Y128.42-Y131.99
*SUP 3: Y128.76 Former 2018 resistance line, now support
*SUP 4: Y128.49 Jul 4 low
*COMMENTARY* Support from Y129.43-Y129.41, the lower 1% volatility band and
current level of the 2 month rising support line, is the near term downside
attraction. This and then the slightly lower 76.4% Fibo retrace level at Y129.26
are the guardians against the overall bias returning to the downside. Meanwhile,
resistance from between Y130.05-Y130.15, although a move back above
Y130.29-Y130.45 is required to generate real interest.

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