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Swing Target At Y132.10 The Bar To...>

EURO-YEN TECHS
EURO-YEN TECHS: Swing Target At Y132.10 The Bar To Further Gains At Present
*RES 4: Y133.16 1.618 swing of Y131.71-Y129.37
*RES 3: Y132.98 4 week bull channel top projection
*RES 2: Y132.23/33 Aug 2015 low, Feb 2016 high
*RES 1: Y132.00/10 1% vol band, 1.618 swing Y131.09-Y129.46
*PRICE: Y131.88 @0929GMT
*SUP 1: Y131.20/30 Hourly support
*SUP 2: Y130.91 Sep 11 high, now support
*SUP 3: Y130.67 Sep 8 high, Sep 12 low
*SUP 4: Y130.37 Hourly high Sep 8, now support
*COMMENTARY* Still gaining ground, Tuesday's rise through the pivotal Y130.70-75
area, has now resulted in a rally through the year's previous Y131.71 high. A
high so far in line with the upper 1% volatility band and the swing target of
the recent Y131.09-Y129.46 fall. Support seen from above Y131.30-Y131.20, loss
would caution now. Above Y132.10 and the Y132.98-Y133.16 area is the next real
attraction, ahead of the long term Y133.63-Y134.41 Fibo retrace levels.

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