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Still Eyeing The Chance For A........>

EURO-YEN TECHS
EURO-YEN TECHS: Still Eyeing The Chance For A Fresh Y134.41 Challenge
*RES 4: Y135.70 4 month rising resistance line
*RES 3: Y134.77 1.618 swing of Y134.13-Y133.10
*RES 2: Y134.64 1.618 swing of Y133.50-Y131.66
*RES 1: Y134.41 Sep 22 high, 61.8% Fibo of Y149.80-Y109.51
*PRICE: Y134.27 @0903GMT
*SUP 1: Y133.85/95 Hourly support
*SUP 2: Y133.75 Intraday low
*SUP 3: Y133.35 Initial rally high Oct 24, now support
*SUP 4: Y133.10 Hourly basing area Oct 19, Oct 23 low
*COMMENTARY* The Y134.41 Fibo level remains the key to a continued rise, that
said, there is still the Y134.64-Y13.77 area to negotiate, before the upside
becomes free for an eventual challenge to the 4 month rising resistance line at
Y135.70. As a result, support moves higher, the Y133.95-Y133.75 range should now
be able to deal with any setbacks, if the rally is to continue at this stage.
Loss would disappoint now and put pressure back on Y133.35-Y133.10.

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