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Wobbles As Y127.97-Y127.90 Support...>

EURO-YEN TECHS
EURO-YEN TECHS: Wobbles As Y127.97-Y127.90 Support Comes Under Assault
*RES 4: Y129.80 Congestion area Aug 15-Aug 16
*RES 3: Y129.54 Aug 17 high
*RES 2: Y129.13/16 Hourly low/high Aug 17
*RES 1: Y128.45/55 Hourly resistance
*PRICE: Y128.21 @0928GMT
*SUP 1: Y127.82/90 Intraday low, 1% volatility band
*SUP 2: Y127.04 Equality fall from Y130.40 to Y131.41-Y128.05
*SUP 3: Y126.91 50% Fibo of Y122.40-Y131.41
*SUP 4: Y126.60 1.618 swing Y128.05-Y130.40, 2% vol band
*COMMENTARY* The hold above the key Y127.97 area last week saw a recovery but
this was unable to sustain a move back above the broken 4 month support line, at
Y130.48 by time today. As a consequence, the subsequent fall has lost support
from Y128.92-Y128.60, the latter the protection against a fresh move lower. In
this respect, the day's Y127.82 low now guards against a further Y127.04-Y126.60
fall. Resistance from Y128.45-55 with Y129.13-16 above.

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