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Downside Risk *RES 4: 119.04 /.......>

EURO-YEN TECHS
EURO-YEN TECHS: Downside Risk
*RES 4: 119.04 / High Apr 7 and bull trigger
*RES 3: 118.76/82 50-dma / High Apr 13
*RES 2: 117.94 High Apr 14 and key near-term resistance
*RES 1: 117.50 High Apr 16
*PRICE: 116.65 @ 06:08 BST Apr 23
*SUP 1: 116.22 Low Apr 21
*SUP 2: 116.13 Low Mar 9 and key support
*SUP 3: 115.87 Low 2019 and multi-year low
*SUP 4: 115.37 0.765 projection of Mar 25 - Apr 2 decline from Apr 7 high
A bearish EURJPY focus remains in place. The cross traded lower Tuesday but
rebounded off the day low. Despite this bounce, conditions still appear bearish.
This week, price has traded below 116.35, Apr 2 low. The break opens 116.13, Mar
9 low and 115.87, the 2019 low. Clearance of this support zone would represent
an important technical break. On the upside, firm resistance is seen at 117.94,
Apr 14 high.

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