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Y130.75 Resistance Remains Key.......>

EURO-YEN TECHS
EURO-YEN TECHS: Y130.75 Resistance Remains Key
*RES 4: Y132.23 2016 High Jan 29 2016 
*RES 3: Y131.64 High Feb 4 2016 
*RES 2: Y130.75 2017 High July 11 
*RES 1: Y130.57 High July 25
*PRICE: Y130.45 @ 0430GMT
*SUP 1: Y129.90 Hourly resistance July 25 now support
*SUP 2: Y129.60 Hourly resistance July 25 now support A 
*SUP 3: Y129.40 21-DMA 
*SUP 4: Y128.76 Low July 20
*COMMENTARY: The 21-DMA continues to support on dips and pressure has returned
to 2017 highs with bulls needing a close above to reconfirm the bullish bias and
shift initial focus to Y131.64-132.23 where 2016 highs are located. Support
layers are again building with bears now needing a close below Y129.90 to shift
focus back to the 21-DMA and below Y128.48 to confirm a break of the 21-DMA and
shift immediate focus back to Y127.42-72 where the bull channel base is located.

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