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

EURO-YEN TECHS: Possible Inverse Head And Shoulders Still In The Making
*RES 4: Y132.22 38.2% Fibo of Y137.51-Y128.95
*RES 3: Y131.82/90 Mar 27 high, 1% volatility band 
*RES 2: Y131.30/39 Apr 2 high, hourly high Mar 29
*RES 1: Y131.10/15 Hourly resistance
*PRICE: Y130.96 @1514GMT
*SUP 1: Y130.20/23 Hourly support, intraday low
*SUP 2: Y129.88/98 1.618 swing Y130.58-Y131.71, Apr 2 low
*SUP 3: Y129.63 76.4% Fibo of Y128.95-Y131.82
*SUP 4: Y129.29 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 anticipated, which so far has reached Y129.98,
leaving the more important Y129.88-Y129.63 levels intact for the time being.
Subsequent rise now has Y131.30-Y131.39 in the way of another attempt higher.

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