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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: Y136.64 Jan 5 high
*RES 3: Y136.41 1% volatility band
*RES 2: Y135.79 76.4% Fibo of Y136.64-Y133.05
*RES 1: Y135.27/37 61.8% of Y136.64-Y133.05, intraday high
*PRICE: Y134.96 @1700GMT
*SUP 1: Y134.58 Intraday hourly base
*SUP 2: Y134.35 Jan 11 high, now support
*SUP 3: Y133.94 Intraday low
*SUP 4: Y133.65/67 Hourly low/high Jan 11
*COMMENTARY* Found support from the dual Y133.05-Y133.10 area on Thursday.
Mainly due to a bounce from the 5 month rising support line. The subsequent
rally back through Y134.20-Y134.56 has begun a correction of recent losses from
the Jan 5 high at Y136.64. Having risen above Y134.85 today then next up is
potentially the Y135.27-Y135.79 area. As a result, nearest support comes from
Y134.58-Y134.35, ahead of the day's Y133.94 low. 

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