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- RES 4: 127.50 High Mar 2019
- RES 3: 126.81 High Apr 17, 2019
- RES 2: 126.76 High Aug 13 and the bull trigger
- RES 1: 126.06 High Aug 19
- PRICE: 125.19 @ 10:42 BST Aug 24
- SUP 1: 124.44 Low Aug 21
- SUP 2: 124.34 Low Aug 10/11 and key support
- SUP 3: 123.84 Low Jul 31
- SUP 4: 123.35 50-day EMA
EURJPY despite this morning's recovery, support at 124.34, Aug 10 / 11 low and a pivot level, remains exposed following the move lower last week. A break would signal scope for a deeper corrective sell-off perhaps towards the 50-day EMA that intersects at 123.35. For bulls, price needs to hold above support at 124.34. The key bull trigger is currently far off at 126.76. A break of this level would resume the past few months' strong uptrend.