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EURJPY TECHS
  • RES 4: 158.72 2.00 proj of the May 11 - 29 - 31 price swing
  • RES 3: 157.84 2.236 proj of the Mar 20 - 31 - Apr 6 price swing
  • RES 2: 157.53 1.764 proj of the May 11 - 29 - 31 price swing
  • RES 1: 156.93 High Jun 22
  • PRICE: 156.40 @ 06:55 BST Jun 26
  • SUP 1: 154.05 Low Jun 20 and key short-term support
  • SUP 2: 153.09 Low Jun 16
  • SUP 3: 152.72 20-day EMA
  • SUP 4: 151.61 Low Jun 15

Dips in EURJPY were bought Friday and the cross continues to trade at its recent highs. This reinforces the current bullish theme following the latest impulsive rally. Price has recently cleared key resistance at 151.61, the May 2 high and an important bull trigger. The break confirmed a resumption of the longer-term uptrend and the focus is on 157.53 next, a Fibonacci projection. Initial key support is seen at 154.05, the Jun 20 low.

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