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The Y130.15-20 Area Now Pivotal To...>

EURO-YEN TECHS
EURO-YEN TECHS: The Y130.15-20 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 Intraday high
*RES 1: Y130.80/90 Hourly resistance
*PRICE: Y130.29 @1527GMT
*SUP 1: Y130.15/20 Hourly congestion Aug 1
*SUP 2: Y129.84 Aug 1 low
*SUP 3: Y129.55 Jul 27, 28, Jul 31 lows
*SUP 4: Y129.00 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
Y130.15-20 area as the near term protection against anything more untoward at
present. That said, will now need to see gains back above Y130.80-Y131.13 before
the upside is back on track again. A loss of Y130.15 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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