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Possible Inverse Head And............>

EURO-YEN TECHS
EURO-YEN TECHS: Possible Inverse Head And Shoulders In The Making
*RES 4: Y132.22 38.2% Fibo of Y137.51-Y128.95
*RES 3: Y131.82/92 Mar 27 high, 1% volatility band 
*RES 2: Y131.30 Intraday high
*RES 1: Y130.85/90 Hourly resistance
*PRICE: Y130.34 @1651GMT
*SUP 1: Y130.05 61.8% Fibo of Y128.95-Y131.82
*SUP 2: Y129.88/98 1.618 swing Y130.58-Y131.71, Mar 23 high
*SUP 3: Y129.63 76.4% Fibo of Y128.95-Y131.82
*SUP 4: Y129.30 1% volatility band
*COMMENTARY* Continued it's recovery last week to a high of Y131.82, in line
with the upper 1% volatility band at the time, after the previous week's fall to
Y128.95, just above the key Y128.90-Y128.85 support area. Became overbought in
the near term, so a pullback was anticipated. Unable to reclaim levels back
above Y131.55-Y131.82 and subsequently Y130.58 support has given way today. The
risk now is for a deeper Y130.05-Y129.88 fall. Main support Y129.63.

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