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Rally Still Faces Obstacles..........>

EURO-YEN TECHS
EURO-YEN TECHS: Rally Still Faces Obstacles Between Y134.41-Y134.87
*RES 4: Y135.39 2% volatility band
*RES 3: Y134.87 Median line drawn off Apr,Jun lows, Aug highs
*RES 2: Y134.61 November 2015 high
*RES 1: Y134.41 61.8% Fibo of Y149.80-Y109.51
*PRICE: Y134.27 @0920GMT
*SUP 1: Y133.70/80 Hourly support
*SUP 2: Y133.50 Intraday low
*SUP 3: Y133.26/27 Sep 20, Sep 19 lows
*SUP 4: Y132.95 Hourly base Sep 18
*COMMENTARY* Fresh strength on Tuesday saw Y134.17, in line with the upper 2%
volatility band at the time, this has risen to Y135.39 today. The upside is
still confronted with obstacles in the Y134's, today's move through Y134.17
challenging the 61.8% Fibo retrace at Y134.41, above which the Nov 2015 high and
the 5 month median line present the next Y134.61-Y134.87 barrier. Meanwhile,
support from Y133.80-Y133.50 should now stay intact, if rally to continue.

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