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Rally Again Eyes The Swing Target....>

EURO-YEN TECHS
EURO-YEN TECHS: Rally Again Eyes The Swing Target At Y135.82
*RES 4: Y136.41 1.618 swing of Y134.41-Y131.17
*RES 3: Y136.30 1% volatility band
*RES 2: Y136.15 Hourly resistance
*RES 1: Y135.82 1.618 swing of Y134.38-Y132.05
*PRICE: Y135.67 @1044GMT
*SUP 1: Y135.25/35 Hourly support
*SUP 2: Y135.00 Initial recovery high Jan 3, now support
*SUP 3: Y134.80 Jan 3 low
*SUP 4: Y134.55/60 Congestion area Dec 25-Dec 28
*COMMENTARY* Has overcome a dip to Y134.80 on Wednesday before launching into a
fresh rally which is currently above the week's earlier Y135.64 high but as yet
awaits a test to the next upside marker, the swing target at Y135.82. Clearance
here required, before thoughts can turn to the higher Y136.15-Y136.41 area,
where next resistance is then anticipated to appear. Support as a consequence,
rises to Y135.35-Y135.00. The latter important to near term momentum.

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