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Pullback Has So Far Held.............>

EURO-YEN TECHS
EURO-YEN TECHS: Pullback Has So Far Held Y132.35-Y132.11 Support
*RES 4: Y133.73/80 1% volatility band, Feb 12 high
*RES 3: Y133.52 1.618 swing Y132.98-Y132.11
*RES 2: Y133.23 50% Fibo of Y137.51-Y128.95
*RES 1: Y133.09 Apr 19 high
*PRICE: Y132.52 @0902GMT
*SUP 1: Y132.35/36 Hourly support, Apr 19 low
*SUP 2: Y132.11/12 Apr 16, Apr 15 lows
*SUP 3: Y131.81 Apr 12 low
*SUP 4: Y131.50/55 Congestion area Apr 5-Apr 9
*COMMENTARY* The move back above Y132.98 on Thursday removed the immediate
threat posed by the 'Doji' candle close on Monday. That said, we are now
approaching the next area of decent resistance from between the 50% Fibo retrace
at Y133.23 and the 1% volatility band at Y133.73. In the meantime, support is
evident from above Y132.35 and a loss of the latter would concern and once again
put pressure on now key near term support from Y132.11.

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