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Y133.92 Support Remains Pivotal To...>

EURO-YEN TECHS
EURO-YEN TECHS: Y133.92 Support Remains Pivotal To Near Term Direction
*RES 4: Y135.82 1.618 swing of Y134.38-Y132.05
*RES 3: Y135.26 Equality rise from Y132.05 to Y131.17-Y134.38
*RES 2: Y134.81/88 1% volatility band, Dec 21 high
*RES 1: Y134.55/65 Hourly resistance
*PRICE: Y134.44 @0755GMT
*SUP 1: Y133.92 Dec 19 high, now support
*SUP 2: Y133.62 Hourly basing area Dec 19
*SUP 3: Y133.00/05 Dec 18 high, initial rally high Dec 19
*SUP 4: Y132.73 Dec 15 high, now support
*COMMENTARY* Nudging above the top of the recent range at Y134.50 but so far
held back by the upper 1% volatility band. Has travelled a long way from Y132.05
this week, so a near term cap between Y134.88-Y135.26 would not surprise. In the
meantime, the Dec 19 high at Y133.92 provides support and a barometer to
direction at this juncture. A hold and look to Y134.55-Y134.65 for resistance,
below and correction can extend towards Y133.62-Y133.00 next.

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