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Rallies After Test To 5 Month........>

EURO-YEN TECHS
EURO-YEN TECHS: Rallies After Test To 5 Month Rising Support Line
*RES 4: Y135.79 76.4% Fibo of Y136.64-Y133.05
*RES 3: Y135.27 61.8% Fibo of Y136.64-Y133.05
*RES 2: Y134.85 Hourly congestion Jan 9
*RES 1: Y134.56 Jan 10 high
*PRICE: Y134.19 @1548GMT
*SUP 1: Y133.55/65 Hourly support
*SUP 2: Y133.25 Intraday hourly basing area
*SUP 3: Y133.05 5 month support line, Jan 10 low
*SUP 4: Y132.46 76.4% Fibo of Y131.17-Y136.64
*COMMENTARY* The fall from last Friday's Y136.64 high continued this week,
losing support from the lower 1% volatility band, at 133.68 today but bringing
into focus Y133.05 as the next potential downside target This the 5 month rising
support line. A loss here and then not much ahead of Y132.46-Y132.32. In the
meantime, the rally back above Y134.05-Y134.20 is encouraging, Y134.56 now the
bar to a higher Y134.85-Y135.27 rise.

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