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Recent Upside Momentum Lost After....>

EURO-YEN TECHS: Recent Upside Momentum Lost After Break Below Y132.56
*RES 4: Y134.49 Apr 24 high
*RES 3: Y133.25/26 Apr 26, Apr 25 highs
*RES 2: Y132.87/90 Initial pullback Apr 24, Apr 25 low
*RES 1: Y132.50/55 Hourly resistance
*PRICE: Y132.09 @0824GMT
*SUP 1: Y131.81/82 Apr 12 low, Mar 27 high
*SUP 2: Y131.32 1% volatility band
*SUP 3: Y131.22 50% Fibo of Y128.95-Y133.49
*SUP 4: Y130.68 61.8% Fibo of Y128.95-Y133.49
*COMMENTARY* Subsequent rallies were kept below Tuesday's Y133.49 high and the
loss of Y132.56 support spoiled the look of recent upside momentum. Today
attempting to break clear of the recent Y132.04 range base. Sustained move below
here will confirm decent correction underway, of gains seen from last month's
Y128.95 low. Y131.82-Y131.22 then the next region of support lower. Nearest
resistance dips to Y132.50-Y132.90.

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