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Swing Target Protects Key............>

EURO-YEN TECHS
EURO-YEN TECHS: Swing Target Protects Key Y128.95-Y128.75 Area
*RES 4: Y131.67 May 3 high
*RES 3: Y131.14/24 Hourly recovery high May 3, May 2 low
*RES 2: Y130.64 Recovery high May 4
*RES 1: Y130.25/35 Hourly resistance
*PRICE: Y129.59 @0922GMT
*SUP 1: Y129.44 1.618 swing of Y129.90-Y130.64
*SUP 2: Y128.95 Mar 22 low
*SUP 3: Y128.75/85 2% vol band, 2 year bull channel base 
*SUP 4: Y128.33 Aug 22 low
*COMMENTARY* Pushing lower again today, the 2 month median line at Y129.79 under
pressure. Below here and the swing target at Y129.44 then becomes the protection
to the Mar 22 base at Y128.95 and the 2 year bull channel base projection at
Y128.85. As a consequence, nearest resistance falls to Y130.25-Y130.35 but it
remains the higher Y130.64 level, that is the key to any lasting recovery. The
2% volatility band at Y128.75 can catch any loss of Y128.85.

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