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Supported Ahead Of Channel Base......>

EURO-YEN TECHS
EURO-YEN TECHS: Supported Ahead Of Channel Base
*RES 4: Y131.70 2017 High Aug 30
*RES 3: Y131.61 Bollinger band top
*RES 2: Y131.35 High Sept 1
*RES 1: Y130.62 Hourly resistance Sept 4
*PRICE: Y130.47 @ 0430GMT
*SUP 1: Y130.33 Hourly resistance Sept 4 now support 
*SUP 2: Y130.30 Hourly resistance Aug 29a now support 
*SUP 3: Y129.93 Hourly support Sept 4 
*SUP 4: Y129.60 Low Aug 29
*COMMENTARY: Bulls take comfort in support emerging on the dip below the 21-DMA
(Y129.71) in early Asian trading Monday. The 55-DMA and daily bull channel base
(Y129.11) are key supports. Bears look for a close below the 55-DMA to confirm
an easing of bullish pressure and shift initial focus back to Y127.43.
Correcting modestly O/B studies and the Bollinger top (Y131.61) are key concerns
for bulls but while the 55-DMA supports bulls focus on retests of 2017 highs.

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