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

EURO-YEN TECHS: Possible Inverse Head And Shoulders Still In The Making
*RES 4: Y132.44 Mar 13 high
*RES 3: Y132.17/22 1% vol band, 38.2% Fibo of Y137.51-Y128.95
*RES 2: Y131.82 Mar 27 high
*RES 1: Y131.39/45 Hourly resistance
*PRICE: Y131.34 @0902GMT
*SUP 1: Y130.85/90 Hourly support
*SUP 2: Y130.50 Hourly congestion Apr 3-4
*SUP 3: Y130.23 Apr 4 low
*SUP 4: Y129.98 Apr 2 low
*COMMENTARY* Continued to recover last week, 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, the pullback reached Y129.98, leaving the more important Y129.88-Y129.63
levels intact for the time being. Subsequent rise needs to clear Y131.39-Y131.45
for another attempt higher, Y132.17-Y132.22 above Y131.82.

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