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Y131.90-Y132.12 The Bar To...........>

EURO-YEN TECHS
EURO-YEN TECHS: Y131.90-Y132.12 The Bar To Recovery Potential
*RES 4: Y132.87/90 Initial pullback Apr 24, Apr 25 low
*RES 3: Y132.55 Apr 30 high
*RES 2: Y132.12 May 2 high
*RES 1: Y131.80/90 Hourly resistance
*PRICE: Y131.52 @0853GMT
*SUP 1: Y131.22/24 50% Fibo of Y128.95-Y133.49, May 2 low
*SUP 2: Y130.97 1% volatility band
*SUP 3: Y130.68 61.8% Fibo of Y128.95-Y133.49
*SUP 4: Y129.99 Apr 2 low, 76.4% of Y128.95-Y133.49
*COMMENTARY* Further fall on Wednesday was held just above the 50% Fibo retrace
level at Y131.22. Oversold as a result in the near term, so looking towards
Y131.80-Y131.90 for initial resistance, yesterday's Y132.12 high of more
consequence higher. Will need back through here, before the chance of a greater
correction of losses seen since last week's Y133.49 high. Below Y131.22 and the
1% volatility band at Y130.97 is the protection against a further Y130.68 fall.

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