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Edges Lower *RES 4: 121.95 200-DMA...>

*RES 4: 121.95 200-DMA
*RES 3: 121.48 High Oct 21
*RES 2: 121.11 High Nov 7
*RES 1: 120.64 High Nov 12
*PRICE: 119.53 @ 10:43 GMT Nov 14
*SUP 1: 119.12 Low Oct 15
*SUP 2: 118.76 61.8% retracement of Oct 3 - Oct 21 rally
*SUP 3: 118.49 Bear channel base drawn off the Sep 3 low
*SUP 4: 118.12 76.4% retracement of Oct 3 - Oct 21 rally
EURJPY has continued to weaken this morning. Prices are extending the downside
following the failure recently to hold above former support at 120.01, Sep 13
high. This has reinforced the likelihood the cross will remain weaker for now as
it pulls back within its bull channel, drawn off the Sep 3 low of 115.87.
Potential is seen for a move towards 119.12, Oct 15 low. Note the channel base
lies at 118.49. Resistance is at 120.64, Tuesday's high.

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