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Pullback Sees Y130.44-Y130.15 As.....>

EURO-YEN TECHS
EURO-YEN TECHS: Pullback Sees Y130.44-Y130.15 As Next Support Area
*RES 4: Y132.88 2% volatility band
*RES 3: Y132.18 1.618 swing of Y130.77-Y128.49
*RES 2: Y131.41/52 Aug 2 high, 1.618 swing of Y130.51-Y128.87
*RES 1: Y131.10/20 Hourly resistance
*PRICE: Y130.81 @1530GMT
*SUP 1: Y130.44 Hourly support
*SUP 2: Y130.15/20 Hourly congestion Aug 1
*SUP 3: Y129.84 Aug 1 low
*SUP 4: Y129.55 Jul 27, 28, Jul 31 lows
*COMMENTARY* After another scoot back down into the range on Tuesday, we finally
got the upside break above Y130.62. This sees Y131.41-52 as next resistance
ahead of a second swing target at the higher Y132.18 level. In the meantime
Y130.80-Y130.60 support has given way. Below here opens up deeper
Y130.44-Y130.15 corrective potential. Loss of the latter would caution and
suggest a further Y129.84-Y129.55 fall then likely.

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