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Y128.92-Y128.60 Now Provides Next....>

EURO-YEN TECHS
EURO-YEN TECHS: Y128.92-Y128.60 Now Provides Next Support
*RES 4: Y130.60/65 Congestion area Aug 3-Aug 8
*RES 3: Y130.30/40 Broken 4 month support line, Aug 16 high
*RES 2: Y130.10 Hourly resistance
*RES 1: Y129.75/85 Hourly congestion area Aug 16
*PRICE: Y129.04 @0934GMT
*SUP 1: Y128.92 Aug 14 low
*SUP 2: Y128.60 76.4% Fibo of Y128.05-Y130.40
*SUP 3: Y128.26 1% volatility band
*SUP 4: Y127.97/05 38.2% Fibo of Y122.40-Y131.41, Aug 11 low
*COMMENTARY* The hold above the key Y127.40-Y127.97 area last week has seen a
recovery but unable to sustain a move back above the broken 4 month support line
at Y130.30 by time today. Through here and the congested Y130.60-65 region
presents another barrier. As a consequence, the subsequent fall has lost support
from 129.16 today. Now looking toward Y128.92-Y128.60 for next support and
protection against a fresh move lower. Resistance Y129.75-Y130.10.

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