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Unable To Sustain Break Of Y127.61...>

EURO-YEN TECHS
EURO-YEN TECHS: Unable To Sustain Break Of Y127.61 Fibo Resistance 
*RES 4: Y128.53/54 May 25, May 28 highs
*RES 3: Y128.00 50% Fibo of 131.38-124.62
*RES 2: Y127.61/73 76.4% of Y128.54-Y124.62, intraday high
*RES 1: Y127.20/30 Hourly resistance
*PRICE: Y126.81 @1637GMT
*SUP 1: Y126.24/33 Hourly high/low May 30, intraday low
*SUP 2: Y125.70/80 2% volatility band, 61.8% Y124.62-Y127.73
*SUP 3: Y125.35 76.4% Fibo of Y124.62-Y127.73
*SUP 4: Y124.62 May 29 low
*COMMENTARY* Has wasted no time in reclaiming ground back above the lower 2%
volatility band, at Y125.70 by time today. Latest rise to Y127.73 is unable as
yet to sustain a break above the 76.4% Fibo retrace level at Y127.61. This would
be key as further correction potential would then switch to retracements of the
Y131.38-Y124.62 fall. Meanwhile, the subsequent pullback has lost support from
Y126.70-Y126.46, leaving Y126.24 to protect against a deeper corrective setback.

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