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Y131.13 Again Stands In The Way Of...>

EURO-YEN TECHS
EURO-YEN TECHS: Y131.13 Again 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: Y131.01 Intraday high
*PRICE: Y130.66 @1545GMT
*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 again from last Friday's Y131.13 high. Need
back above here 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, Y130.25-Y129.91 below.

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