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Y130.80-Y130.94 The Next Potential...>

EURO-YEN TECHS
EURO-YEN TECHS: Y130.80-Y130.94 The Next Potential Bar To Gains
*RES 4: Y131.52 Feb 28 high, 76.4% Fibo of Y132.19-Y129.35
*RES 3: Y131.11 61.8% Fibo of Y132.19-Y129.35
*RES 2: Y130.94 Feb 23 low, now resistance
*RES 1: Y130.80 Mar 1 high
*PRICE: Y130.73 @1730GMT
*SUP 1: Y130.15/20 Hourly support
*SUP 2: Y129.65/70 Hourly congestion area Mar 2
*SUP 3: Y129.35 Intraday low
*SUP 4: Y128.85 38.2% Fibo of Y114.85-Y137.51
*COMMENTARY* A fresh fall today saw a low of Y129.35, before finding some
support on the back of some near term oversold conditions. This has seen a move
back through Y130.25-Y130.53 but now meets next resistance from between the Mar
1 high at Y130.80 and the Feb 23 low at Y130.94. In the interim, Y130.15
provides nearest support, with the congested Y129.70-Y129.65 area now protecting
the day's low.

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