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Below Y126.22 To Target 2018 Low.....>

EURO-YEN TECHS
EURO-YEN TECHS: Below Y126.22 To Target 2018 Low
*RES 4: Y129.65 Hourly support June 13 now resistance
*RES 3: Y129.26 Alternating hourly support/resistance
*RES 2: Y128.81 High June 25
*RES 1: Y128.54 Hourly resistance June 25
*PRICE: Y127.81 @ 2130GMT
*SUP 1: Y126.98 Low June 21 
*SUP 2: Y126.63 Low June 19 
*SUP 3: Y126.22 Hourly support May 30 
*SUP 4: Y124.61 2018 Low May 29
*COMMENTARY: Hesitation at Y128.81 saw the pair dip below the bull channel base
(Y127.78) off 2018 lows with immediate focus on Y126.22-98. Bears need a close
below Y126.22 to confirm immediate focus on tests of 2018 lows. O/S daily
studies and the Bollinger base (Y126.87) are concerns for bears. The Y128.81
resistance remains key with bulls needing a close above to ease bearish pressure
and hint at a move back to layers of resistance Y129.74-131.37.

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