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EURO-YEN TECHS: Rally Now Faces Several Obstacles Between Y134.19-Y134.61
*RES 4: Y134.61 November 2015 high
*RES 3: Y134.41 61.8% Fibo of Y149.80-Y109.51
*RES 2: Y134.34 Median line drawn off Apr,Jun lows, Aug highs
*RES 1: Y134.19 2% volatility band
*PRICE: Y133.76 @0934GMT
*SUP 1: Y133.43 Sep 18 high, now support
*SUP 2: Y133.10 Sep 15 high, now support
*SUP 3: Y132.63 Sep 18 low
*SUP 4: Y132.28 Hourly base Sep 15
*COMMENTARY* Fresh strength has seen resistance from both Y133.69 and Y133.79
give way today. The upside is now confronted with several potential obstacles in
the Y134's beginning with the upper 2% volatility band at Y134.19. Through here
and the 5 month median line and 61.8% Fibo retrace present the next
Y134.34-Y134.41 barrier, ahead of the November 2015 high at Y134.61. Meanwhile,
support rises to Y133.43-Y133.10, protecting the Sep 18 low at Y132.63.