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Substantial Fall After Failure.......>

EURO-YEN TECHS
EURO-YEN TECHS: Substantial Fall After Failure Below Y131.36-Y131.38 
*RES 4: Y130.24 May 18 low, now resistance
*RES 3: Y129.70 Initial intraday low, now resistance
*RES 2: Y129.53 2 year bull channel base, now resistance
*RES 1: Y129.23 May 8 low, now resistance
*PRICE: Y128.81 @0925GMT
*SUP 1: Y128.47 Intraday low
*SUP 2: Y127.90 1.618 swing of Y129.23-Y131.38
*SUP 3: Y127.81 2% volatility band
*SUP 4: Y127.12 Equality fall from Y131.38 to Y133.49-Y129.23
*COMMENTARY* Unable to move through Y131.36-Y131.38 resistance and has
subsequently paid the price. The resultant fall has today lost support from the
2 year bull channel base at Y129.53 and also the key Y129.23-Y128.85 area. A low
of Y128.47 so far, as we head into near term oversold territory. In this regard,
look to Y129.23 for initial resistance, Y129.53-Y129.70 above. Below Y128.47 and
next targets are set between Y127.90 and Y127.12.

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