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Channel Resistance Taken Out: *RES...>

EURO-YEN TECHS
EURO-YEN TECHS: Channel Resistance Taken Out:
*RES 4: 120.01 High Sep 13 and the bull trigger
*RES 3: 119.91 100-dma
*RES 2: 119.38 High Sep 20
*RES 1: 118.92 Intraday high
*PRICE: 118.84 @ 15:25 GMT Oct 10
*SUP 1: 117.08 Low Oct 3 and Oct 7
*SUP 2: 116.85 76.4% retracement Sep 3 - Sep 13 rally
*SUP 3: 116.13 Low Sep 4
*SUP 4: 115.87 Low Sep 3 and M/T bear trigger
The cross closed the gap on the bull trigger by taking out the 118.67 channel
resistance Thursday, helping make the near-term outlook far more constructive.
This shifts upside targets to resistance at 120.01, the Sep 13 high. Clearance
of both these levels confirms a reversal. On the downside, support lies at
117.08 where a break would once again highlight the bearish threat and open
115.87.

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