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Y130.60-65 Resistance Becomes........>

EURO-YEN TECHS
EURO-YEN TECHS: Y130.60-65 Resistance Becomes Pivotal To Overall Direction
*RES 4: Y132.23 Aug 2015 low, now resistance
*RES 3: Y131.41 Aug 2 high
*RES 2: Y131.07 1% volatility band
*RES 1: Y130.60/65 Congestion area Aug 3-Aug 8
*PRICE: Y130.15 @0915GMT
*SUP 1: Y129.60 Hourly support
*SUP 2: Y129.42 Aug 15 low
*SUP 3: Y129.16 Initial recovery high Aug 11, now support
*SUP 4: Y128.92 Aug 14 low
*COMMENTARY* The hold of the key Y128.00-Y127.97 area last week has continued to
spawn a recovery. Still trying to sustain a move clearly back above the broken 4
month support line at Y130.13 by time today. Through here and next resistance
comes more importantly from the congested Y130.60-65 region. Through here needed
to swing overall bias back to the topside. As a consequence, support now from
Y129.60-Y129.42 but 129.16 currently looks more important to upside well being.

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