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Pullback Testing The Resolve Of......>

EURO-YEN TECHS: Pullback Testing The Resolve Of Key Y132.11 Support
*RES 4: Y133.79 1% volatility band
*RES 3: Y133.23 50% Fibo of Y137.51-Y128.95
*RES 2: Y133.09 Apr 19 high
*RES 1: Y132.75/85 Hourly resistance
*PRICE: Y132.23 @0851GMT
*SUP 1: Y132.04/11 Apr 20, Apr 17 lows
*SUP 2: Y131.81 Apr 12 low
*SUP 3: Y131.50/55 Congestion area Apr 5-Apr 9
*SUP 4: Y131.07/11 Apr 5-Apr 6 lows
*COMMENTARY* The move back above Y132.98 last Thursday removed the immediate
threat posed by the 'Doji' candle close on Monday. That said, we have since
faltered beneath the next area of decent resistance from between the 50% Fibo
retrace at Y133.23 and the 1% volatility band at Y133.79. Meanwhile, support
from Y132.35 has been lost, which concerns and puts pressure on now key near
term support from around Y132.11. In the interim, Y132.75-Y132.85 resistance.

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