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Sharp Fall Continues As..............>

EURO-YEN TECHS
EURO-YEN TECHS: Sharp Fall Continues As Y127.21-Y126.81 Support Gives Way
*RES 4: Y128.95 Hourly high Jun 14
*RES 3: Y128.52 Jun 18 high
*RES 2: Y128.05/10 Congestion area Jun 15-18
*RES 1: Y127.70/81 Jun 15, Jun 18 lows, now resistance
*PRICE: Y127.42 @1551GMT
*SUP 1: Y126.64 Intraday low
*SUP 2: Y126.33 2% volatility band
*SUP 3: Y125.97 76.4% Fibo of Y124.62-Y130.35
*SUP 4: Y125.86 Equality fall from Y128.52 to Y130.36-Y127.70
*COMMENTARY* Y127.80-Y127.70 has been lost today leading to further breaks below
next Y127.21-Y126.81 support levels. A low of Y126.64 so far but 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, those former Y127.70-Y127.81 lows
now present initial resistance to any bounce.

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