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Retreats After Test Toward 61.8%.....>

EURO-YEN TECHS
EURO-YEN TECHS: Retreats After Test Toward 61.8% Fibo Retrace Level
*RES 4: Y129.25/48 1% vol band, 76.4% Fibo of Y130.36-Y124.62 
*RES 3: Y128.85/94 Jun 25 high, 61.8% Fibo of Y130.36-Y124.62
*RES 2: Y128.38/46 Hourly high & daily high Jun 26
*RES 1: Y127.95/00 Hourly resistance
*PRICE: Y127.60 @0900GMT
*SUP 1: Y127.28 Jun 25 low
*SUP 2: Y126.99/09 Jun 21, Jun 20 lows
*SUP 3: Y126.64 Jun 19 low, 1% volatility band
*SUP 4: Y125.97 76.4% Fibo of Y124.62-Y130.36
*COMMENTARY* This week saw another attempt to reach the 61.8% Fibo retrace level
at Y128.94, attaining a high of Y128.85 before retreating on the back of some
overbought hourly conditions. In this respect, support from Y127.65 is under
assault today, leaving Monday's Y127.28 base as protection below. Main support
however is located between Y127.09-Y126.99. Loss would put Y126.64 back under
pressure. Resistance Y127.95-Y128.46 and then that Y128.94. 

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