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Bears still in charge: *RES 4:.......>

EURO-YEN TECHS
EURO-YEN TECHS: Bears still in charge:
*RES 4: 119.59 High Aug 13
*RES 3: 119.29 High Aug 14
*RES 2: 118.48 High Aug 19 and key near-term resistance
*RES 1: 118.20 High Aug 26
*PRICE: 117.33 @ 04:12 GMT Aug 27
*SUP 1: 116.57 Low Aug 26 and YTD low
*SUP 2: 116.00 Psychological support
*SUP 3: 115.02 1.382 projection of Apr 17 - Jun 3 decline from Jul 1 high
*SUP 4: 114.85 Low Apr 17 2017
EURJPY struck a fresh low at 116.57 Monday. This confirms a resumption of the
downtrend with the price sequence of lower lows and lower highs continuing to
dominate. The bearish outlook comes despite the intraday bounce Monday which is
currently being retraced following overnight selling pressure. 118.48 is initial
resistance. To the downside, the focus is on 116.00 with the trigger for fresh
weakness at 116.57. Further out, the Apr 2017 low 114.85 is likely to attract.

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