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Rally Has Next Resistance Spread.....>

EURO-YEN TECHS
EURO-YEN TECHS: Rally Has Next Resistance Spread Between Y128.53-Y128.95
*RES 4: Y129.23 May 8 low, now resistance
*RES 3: Y128.95/06 Mar 22 low, 1% volatility band
*RES 2: Y128.80 61.8% Fibo of 131.38-124.62
*RES 1: Y128.53/54 May 25, May 28 highs
*PRICE: Y128.22 @0855GMT
*SUP 1: Y127.50/60 Hourly support
*SUP 2: Y127.13/18 Jun 1 low, hourly base Jun 1
*SUP 3: Y126.81 Hourly low May 31
*SUP 4: Y126.33 May 31 low
*COMMENTARY* Has continued to regain ground, following last week's exhaustion
spike to the base of the 4 month bear channel. Having moved above Y128.00, the
next resistance to note is from Y128.53-Y128.54 and then the 61.8% Fibo retrace
of the Y131.38-Y124.62 fall, at Y128.80. These ahead of two previous
Y128.95-Y129.23 lows. As a consequence, support also rises, Y127.60-Y127.50
initially, the Y127.18-Y127.13 area of more importance below.

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