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EURO-YEN TECHS
EURO-YEN TECHS: The Y130.10-15 Area Now Pivotal To Near Term Direction
*RES 4: Y132.18 1.618 swing of Y130.77-Y128.49
*RES 3: Y131.41/52 Aug 2 high, 1.618 swing of Y130.51-Y128.87
*RES 2: Y131.13 Aug 4 high
*RES 1: Y130.90 Hourly resistance
*PRICE: Y130.55 @1543GMT
*SUP 1: Y130.10/15 Aug 4 low, hourly congestion Aug 1
*SUP 2: Y129.84 Aug 1 low
*SUP 3: Y129.55 Jul 27, 28, Jul 31 lows
*SUP 4: Y129.14 1% volatility band
*COMMENTARY* Support from Y130.44, in line with a 61.8% Fibo retrace of the
previous Y129.84-Y131.41 rise, has now given way, leaving the congested area
around Y130.15 as the near term protection against anything more untoward at
present. That said, will now need to see gains back above Y130.90-Y131.13 before
the upside is back on track again. A loss of Y130.10-15 will expose the Aug 1
low at Y129.84 to a test, the key Y129.55 level then of note below.

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