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###POV Y125.80-127.54 Support Key....>

EURO-YEN TECHS: ###POV Y125.80-127.54 Support Key For LT Bulls
*RES 2: Y141.05 - Monthly High June 4 2015
*RES 1: Y134.59 - High Dec 4 2015
*PRICE: Y132.72 @ 0100GMT
*SUP 1: Y127.54 - Low Aug 18
*SUP 2: Y125.80 - High May 25 now support
###POV: Consolidation above the 200-WMA (Y130.38) sees LT bulls focused on
Y141.05 June 2015 mthly highs and needing a close above Y134.59 Dec 5 2015 highs
to add support to their case.
- Although LT bears look for a close below the 200-WMA to confirm a break of the
weekly bull channel base (Y130.70) and hint at a decent correction, the
Y125.80-127.54 support region is key. LT Bears need a close below Y125.80 to end
bearish hopes and hint at a move back to Y114.82 2017 lows with below the
100-WMA (Y122.96) to add weight to their case.
- Please click for chart:

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