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Y128.04-Y128.10 Still The............>

EURO-YEN TECHS
EURO-YEN TECHS: Y128.04-Y128.10 Still The Resistance To Break
*RES 4: Y129.47/51 76.4% Y130.35-Y126.64, Jun 12 low
*RES 3: Y128.93/95 61.8% Y130.35-Y126.64, hourly high Jun 14
*RES 2: Y128.52 Jun 18 high
*RES 1: Y128.04/10 Intraday high, congestion area Jun 15-18
*PRICE: Y127.59 @1700GMT
*SUP 1: Y127.20/25 Hourly support
*SUP 2: Y126.99 Intraday low
*SUP 3: Y126.64 Jun 19 low
*SUP 4: Y125.97 76.4% Fibo of Y124.62-Y130.35, 2% vol band
*COMMENTARY* Found support from Y126.64 on Tuesday, thus so far protecting
against a deeper fall into the congested Y125.97-Y125.86 area. That said, the
subsequent recovery has still faltered into Y128.05-Y128.10 resistance. Will
need the comfort of a move back above here, before any belief in the upside will
reappear. Support now from Y127.20-Y126.99, below Y126.64 and Y125.97-Y125.86
protects the year's Y124.62 low.

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