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Recovery Enters Next.................>

EURO-YEN TECHS
EURO-YEN TECHS: Recovery Enters Next Y137.40-Y137.65 Resistance Area
*RES 4: Y138.86 1.618 swing of Y136.64-Y133.05
*RES 3: Y138.53 2% volatility band
*RES 2: Y137.65 1.618 swing of Y136.31-Y134.13
*RES 1: Y137.40/50 Equality rise from Y134.13, Feb 2 high
*PRICE: Y136.95 @0936GMT
*SUP 1: Y136.64 Jan 5 high, now support
*SUP 2: Y136.29/31 Jan 25, Jan 18 highs, now support
*SUP 3: Y135.91/97 Hourly low/high Feb 1
*SUP 4: Y135.35/39 Hourly low/high Jan 31
*COMMENTARY* The break of the recent Y136.64 range top was followed by a move
above the upper 1% volatility band at Y137.17 and the 5 month rising resistance
line at Y137.26. This now has the potential for a higher Y137.40-Y137.65 rise
next. Through here and not much currently showing until the 2% band and swing
target between Y138.53-Y138.86. Meanwhile, support from Y136.64-Y136.29 offers
near term downside protection.

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