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Falling Wedge Confirmed EURJPY.......>

EURO-YEN TECHS
EURO-YEN TECHS: Falling Wedge Confirmed
EURJPY closed above 122.20 yesterday, confirming the falling wedge chart
pattern. The bullish reversal extended to 122.41 with next resistance at 122.70
from the May 30 high. Above here opens the May 23 high & 38.2% retracement of
the May-Apr fall at 123.08. Any move back under the triangle top would allow
bears to return the focus to the 50% retracement level & triangle base at
121.45/25.

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