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EURO-YEN TECHS: Y129.73-Y129.77 Now The Key Near Term Resistance Area
*RES 4: Y130.35/40 1% volatility band, Aug 16 high
*RES 3: Y129.94 61.8% Fibo of Y131.41-Y127.56
*RES 2: Y129.73 76.4% Fibo of Y130.40-Y127.56
*RES 1: Y129.49/51 50% Fibo of Y131.41-Y127.56, intraday high
*PRICE: Y129.36 @0842GMT
*SUP 1: Y128.70/75 Hourly support
*SUP 2: Y128.33 Aug 22 low
*SUP 3: Y127.76/84 1% volatility band, Aug 21 low
*SUP 4: Y127.56 Aug 18 low
*COMMENTARY* The lower 1% volatility band has provided a prop over the last few
days and indeed allowed a recovery. This has now reached Y126.51, so far just
short of the more important Y129.73-Y129.77 area. Will need to see gains back
through here, before the overall focus can return to the topside. Meanwhile,
Y128.75-Y128.33 provides support and also protects that lower volatility band