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Bearish Risk Firms *RES 4: 125.96....>

EURO-YEN TECHS
EURO-YEN TECHS: Bearish Risk Firms
*RES 4: 125.96 50% retracement of the 2018 - 2020 sell-off
*RES 3: 124.43 High Jun 5 and the bull trigger
*RES 2: 122.61 High Jun 9
*RES 1: 122.12 High Jun 16
*PRICE: 120.34 @ 17:16 BST Jun 17
*SUP 1: 120.16 Low Jun 17
*SUP 2: 119.62 Low Jun 2
*SUP 3: 119.43 50.0% retracement of the May - Jun rally
*SUP 4: 119.40 2.0% 10-dma envelope
EURJPY stalled at the Tuesday high of 122.12 and sold off sharply, putting paid
to those hoping the bull trend would imminently resume. Price action at the
beginning of last week completed a 3-day reversal in candle terms known as an
evening star. This signalled a trend reversal. Prices fell further Wednesday to
fall through the Friday low of 120.26 which strengthens the downside case and
opens 119.62.

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