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Y126.45-Y126.55 The Barrier To.......>

EURO-YEN TECHS: Y126.45-Y126.55 The Barrier To Further Recovery Efforts
*RES 4: Y127.72 May 24 low, now resistance
*RES 3: Y127.15 May 25 low, now resistance
*RES 2: Y126.82 May 28 low, now resistance
*RES 1: Y126.45/55 Hourly resistance
*PRICE: Y125.99 @0917GMT
*SUP 1: Y125.55/60 4 Hourly highs May 29-30, now support
*SUP 2: Y124.98/03 4 month bear channel base, hourly support
*SUP 3: Y124.62/65 May 29 low, Jun 20 high 
*SUP 4: Y124.10 Dec 12 2016 high, now support 
*COMMENTARY* The decline extended again Tuesday a low of Y124.62 before
recovering. This saw a move below the lower 2% volatility band, at Y126.00
today, the first time this band has been exceeded, on either side, since Nov
2016. Always cautious when this happens as usually never long lasting. Support
currently Y125.60-Y125.55 and then more importantly Y125.03-Y124.98. Loss will
trigger a further Y124.10-Y123.51 fall. Back Above Y126.55 would ease pressure.

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