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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: Y132.96 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: Y130.82 @0922GMT
*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* Support from Y130.44, in line with a 61.8% Fibo retrace of the
previous Y129.84-Y131.41 rise, has held the pullback so far. This and the
congested Y130.15-20 area are the near term protection against anything more
untoward at present. That said, will now need to see gains back above Y131.10-20
before the upside is back on track again, with Y131.52-Y132.18 the next
potential target area above the week's previous Y131.41 high.

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