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EURJPY TECHS
  • RES 4: 133.13 High Sep 21, 2018 and a key resistance
  • RES 3: 132.68 High Sep 27, 2018
  • RES 2: 132 36 2.236 proj of the Jun - Sep - Oct 2020 price swing
  • RES 1: 131.84 Intraday high
  • PRICE: 131.77 @ 06:35 BST Apr 29
  • SUP 1: 130.97 High Apr 20 and recent breakout level
  • SUP 2: 130.57 Low Apr 27
  • SUP 3: 130.36 20-day EMA
  • SUP 4: 129.61 Bull channel base drawn off the Oct 30, 2020 low

EURJPY maintains a bullish focus following this week's gains that have confirmed a resumption of its uptrend. The cross has cleared former resistance at 130.97, Apr 20 high. The focus is on 132.36, a Fibonacci projection as the price climbs within its bull channel, drawn off the Oct 30 2020 low. Moving average studies remain in a bull mode position too, reinforcing current conditions. Support is seen at Tuesday's low of 130.57.

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