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Y130.92-Y131.13 Stands In The Way....>

EURO-YEN TECHS
EURO-YEN TECHS: Y130.92-Y131.13 Stands In The Way Of Further Gains
*RES 4: Y131.72 1% volatility band
*RES 3: Y131.36/38 50% Fibo of Y133.49-Y129.23, May 14 high
*RES 2: Y131.13 May 18 high
*RES 1: Y130.92 76.4% Fibo of Y131.13-Y130.24
*PRICE: Y130.66 @0905GMT
*SUP 1: Y130.40 Hourly support
*SUP 2: Y130.15/25 61.8% of Y129.53-Y131.13, May 18 low
*SUP 3: Y129.91 76.4% Fibo of Y129.53-Y131.13
*SUP 4: Y129.53 May 16 low, 2 year bull channel base
*COMMENTARY* After flirting with the base of the 2 year bull channel over the
last couple of weeks, has begun to slightly pull away, is at Y129.53 this week.
Next test to the latest rise comes from Y130.92 and then Friday's Y131.13 high.
Need back above the latter before we are back on track to retest the 50% Fibo
retrace level and May 14 high between Y131.36-Y131.38. Meanwhile, support from
Y130.40 protects against another push lower, Y130.125-Y129.91 below.

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