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(Z1) Near-Term Strength Persists

EURO-YEN TECHS: Sharp Fall Continues As Y127.21-Y126.81 Support Gives Way
*RES 4: Y128.52 Jun 18 high
*RES 3: Y128.05/10 Congestion area Jun 15-18
*RES 2: Y127.70/81 Jun 15, Jun 18 lows, now resistance
*RES 1: Y127.35 Hourly resistance
*PRICE: Y126.83 @0847GMT
*SUP 1: Y126.33 2% volatility band
*SUP 2: Y125.97 76.4% Fibo of Y124.62-Y130.35
*SUP 3: Y125.86 Equality fall from Y128.52 to Y130.36-Y127.70
*SUP 4: Y124.98 May 30 low
*COMMENTARY* Y127.80-Y127.70 support has been lost today leading to further
breaks below next Y127.21-Y126.81 support levels. Currently not much showing
until the lower 2% volatility band at Y126.33, which in turn protects against a
further Y125.97-Y125.86 fall, where stronger support is anticipated to
materialise. In the meantime, Y127.35 provides resistance, those former
Y127.70-Y127.81 lows a stronger barrier above.