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Today's Rise Has Y129.35-Y129.48.....>

EURO-YEN TECHS
EURO-YEN TECHS: Today's Rise Has Y129.35-Y129.48 As Next Resistance
*RES 4: Y130.10 5 month bear channel top 
*RES 3: Y129.91 1.618 swing of Y128.85-Y127.14
*RES 2: Y129.48 76.4% Fibo of Y130.36-Y124.62
*RES 1: Y129.35 1% volatility band
*PRICE: Y129.32 @1530GMT
*SUP 1: Y128.50 Hourly support
*SUP 2: Y127.93/95 Jun 28 high, initial intraday high
*SUP 3: Y127.61 Initial high Jun 28, now support
*SUP 4: Y127.14 Jun 28 low
*COMMENTARY* Thursday's fall held at Y127.14, leaving the key Y127.09-Y126.99
support area untouched for the time being. The subsequent recovery has been
swift, this morning breaking through former Y127.93 highs to eclipse
Y128.46-Y128.94 resistance. Next barrier is anticipated to come from between
Y129.35-Y129.48, requiring above the latter, before any further impetus will
follow for a Y129.91-Y130.10 rise. In the interim, Y128.50 provides support.

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