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Remains Capped Ahead Of Y130.75......>

EURO-YEN TECHS
EURO-YEN TECHS: Remains Capped Ahead Of Y130.75
*RES 4: Y130.87 Bollinger band top 
*RES 3: Y130.75 2017 High July 11 
*RES 2: Y130.59 High July 31 
*RES 1: Y130.38 Hourly support Aug 1 now resistance
*PRICE: Y130.24 @ 0430GMT
*SUP 1: Y130.09 Alternating hourly support/resistance 
*SUP 2: Y129.62 21-DMA 
*SUP 3: Y128.76 Low July 20 
*SUP 4: Y128.48 Low July 13
*COMMENTARY: Yet another topside failure ahead of Y130.75 sees focus back on the
21-DMA that supported on dips last week. Bears look for a close below the 21-DMA
to see pressure back on the Y128.48 support and below this level to hint at a
move back to the 55-DMA (Y126.61). Initial resistance is now noted at Y130.38
with bulls needing a close above to gain breathing room and retain focus on
Y130.75. Above Y130.75 targets Y131.64-132.23.

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