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Firmer And Holding Above Support.....>

EURO-YEN TECHS
EURO-YEN TECHS: Firmer And Holding Above Support
*RES 4: 122.61 High Jun 9
*RES 3: 122.12 High Jun 16 and key near-term resistance
*RES 2: 121.23 High Jun 17
*RES 1: 121.10 High Jun 23
*PRICE: 120.76 @ 10:47 BST Jun 29
*SUP 1: 119.81 Low Jun 26
*SUP 2: 119.31 Low Jun 22 and the bear trigger
*SUP 3: 118.60 Low May 29
*SUP 4: 118.25 61.8% retracement of the rally between May 6 - Jun 5
EURJPY is firmer this morning. The cross found support on Jun 22 and defined a
near-term base at 119.31. If the recent move higher marks the end of the recent
drop in the cross, price action will need to hold above 119.31. A recovery would
open 122.12, Jun 16 high and the next key hurdle for bulls. The intraday upside
trigger is 121.10, Jun 23 high. On the downside , a move below 119.31 would
reinstate recent bearish pressure and open 118.25.

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