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Steep Fall Held Around The Lower.....>

EURO-YEN TECHS
EURO-YEN TECHS: Steep Fall Held Around The Lower 1% Volatility Band
*RES 4: Y129.82 Former hourly basing area Jun 13-14
*RES 3: Y129.51/52 Jun 12, Jun 13 lows, now resistance
*RES 2: Y129.03 Hourly base Jun 14, now resistance
*RES 1: Y128.60/65 Hourly resistance
*PRICE: Y128.26 @0935GMT
*SUP 1: Y127.70/80 Hourly support, 1% volatility band
*SUP 2: Y127.49 50% Fibo of Y124.62-Y130.35
*SUP 3: Y126.81 61.8% Fibo of Y124.62-Y130.35
*SUP 4: Y126.59 2% volatility band
*COMMENTARY* Yesterday's recovery back through Y129.75 challenged last
Thursday's Y130.28 high. A Y130.35 high posted but was unable to sustain a clear
break higher. The subsequent loss of Y129.51-Y129.43 triggered correction
potential and the former Y128.17-Y128.11 lows have since been lost. A base on
the day of Y127.70, just beneath the lower 1% volatility band. This protects a
further Y127.49-Y126.81 fall. Resistance from Y128.60-Y128.65 to give clues.

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