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US TSYS SUMMARY

Decent Action on Narrow Range Ahead Wed's FOMC

EURJPY TECHS

Corrective Cycle Still In Play

USDJPY TECHS

Approaching Recent Highs

Corrective Mode *RES 4: 124.65.......>

EURO-YEN TECHS
EURO-YEN TECHS: Corrective Mode
*RES 4: 124.65 Bull channel top drawn off the Sep 3 low
*RES 3: 123.75 High May 21, 2019
*RES 2: 123.36 High Jul 1, 2019
*RES 1: 122.87 High Jan 16 and near-term bull trigger
*PRICE: 121.98 @ 16:43 GMT Jan 21
*SUP 1: 121.58 Low Jan 13
*SUP 2: 121.13 Low Jan 9
*SUP 3: 120.91 Bull channel base drawn off the Sep 3 low
*SUP 4: 120.17 Low Jan 3 and 8 and key support
EURJPY remains bullish despite pulling back off last week's high. A bullish
outlook follows the recent recovery off the key channel support that remains
intact. The channel is drawn off the Sep 3 low and intersects at 120.91. The
recent rebound off the base resulted in a breach of former resistance at 122.65,
the Dec 13 high. Continued gains above this level would open 123.36, Jul 1 high
and ultimately 124.65 the bull channel top. Support is at 121.58, Jan 13 low.