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Channel resistance gives way: *RES...>

EURO-YEN TECHS
EURO-YEN TECHS: Channel resistance gives way:
*RES 4: 120.93 100-dma
*RES 3: 120.71 High Aug 1
*RES 2: 120.05 Low Jul 25
*RES 1: 120.01 Intraday high
*PRICE: 119.80 @ 08:47 GMT Sep 13
*SUP 1: 117.56 Low Sep 12
*SUP 2: 117.28 Low Sep 5
*SUP 3: 116.13 Low Sep 4
*SUP 4: 115.96/87/ Bear channel base / Low Sep 3 and key support
The cross struck fresh highs Thursday post-ECB and extended those gains early
Friday to re-target the 100-dma at 120.93 in the medium-term. This extends the
uptrend, keeping bullish conditions in place. Momentum and S/T moving averages
remain firm, also reinforcing the current bullish tone. Friday's break of the
bear channel top drawn off the Apr 17 high at 119.84 is a significant technical
development. 117.56 is support.

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