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Rally Still Respecting Upper 1%......>

EURO-YEN TECHS
EURO-YEN TECHS: Rally Still Respecting Upper 1% Volatility Band
*RES 4: Y137.47 September 2015 high
*RES 3: Y136.99 October 2015 high
*RES 2: Y136.64/67 Jan 5 high, 1% volatility band
*RES 1: Y136.32/36 Intraday high, hourly high Jan 5
*PRICE: Y135.75 @1035GMT
*SUP 1: Y135.61/64 Intraday low, Jan 2 high
*SUP 2: Y135.44/46 Hourly highs Jan 4, now support
*SUP 3: Y135.16 Initial recovery high Jan 3, now support
*SUP 4: Y134.80 Jan 3 low
*COMMENTARY* Once again the rise has respected the upper 1% volatility band, at
Y136.67 by time today. Will currently need to sustain a break above here, before
any further upside acceleration can follow. Meanwhile, the subsequent loss of
Y136.00 opens potential for some correction of gains, initially from last
Wednesday's Y134.80 low. In this respect, the Y135.64-Y135.15 area comes back
into play. Topside will need a move back above Y132.36 to reclaim some momentum.

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