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120.78 still the focus: *RES 4:......>

EURO-YEN TECHS
EURO-YEN TECHS: 120.78 still the focus:
*RES 4: 123.74 High May 21
*RES 3: 123.17 High Jun 11 and key resistance
*RES 2: 122.56 High Jun 13
*RES 1: 122.15 20-day EMA
*PRICE: 121.44 @ 19:16 GMT June 19
*SUP 1: 121.07 Low Jun 18
*SUP 2: 121.03 2.0% Lower Bollinger Band
*SUP 3: 120.78 Low Jun 3
*SUP 4: 120.00 Psychological round number
The cross ended up largely flat on the session, keeping downside targets in
close proximity at 120.78, which would signal another downleg for EURJPY.
Underlying trend conditions overall remain bearish so the risk at this stage is
still skewed to the downside. Monday's rejection off the day's high also
highlights the bearish threat in the cross. The focus initially is on the week's
low of 121.07 ahead of 120.00.

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