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EURO-YEN TECHS: Rally Still Faces Several Obstacles Between Y134.17-Y134.69
*RES 4: Y134.69 Median line drawn off Apr,Jun lows, Aug highs
*RES 3: Y134.61 November 2015 high
*RES 2: Y134.41 61.8% Fibo of Y149.80-Y109.51
*RES 1: Y134.17 Sep 19 high
*PRICE: Y134.05 @1516GMT
*SUP 1: Y133.26/27 Sep 20, Sep 19 lows
*SUP 2: Y132.95 Hourly low Sep 18
*SUP 3: Y132.63 Sep 18 low
*SUP 4: Y132.28 Hourly base Sep 15
*COMMENTARY* Fresh strength on Tuesday saw a rally to Y134.17, in line with the
upper 2% volatility band at the time. The upside is still confronted with
several potential obstacles in the Y134's, through Y134.17 and the 61.8% Fibo
retrace and the 5 month median line present the next Y134.41 Y134.69 barrier,
with the November 2015 high at Y134.61 in between. Meanwhile, support from
Y133.26-Y132.95, protects the Sep 18 low at Y132.63.