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Facing channel resistance: *RES 4:...>

EURO-YEN TECHS
EURO-YEN TECHS: Facing channel resistance:
*RES 4: 120.71 High Aug 1
*RES 3: 120.05 Low Jul 25
*RES 2: 119.88 High Aug 6
*RES 1: 119.82/84 High Sep 12 and bear channel top drawn off Apr 17 high
*PRICE: 119.76 @ 04:11 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
EURJPY rallied to a fresh 119.82 high yesterday following post ECB volatility.
This extends the uptrend, keeping bullish conditions in place. Momentum and S/T
moving averages remain firm, also reinforcing the current bullish tone. The
focus is on the 120.00 handle and specifically 119.88, Aug 13 and 120.05, Jul 25
low. Note, the bear channel top drawn off the Apr 17 high is at 119.84. A break
would represent a significant technical development. 117.56 is support.

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