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Holding Above Key Support

EURO-YEN TECHS
  • RES 4: 125.56 2.0% 10-dma envelope
  • RES 3: 125.49 0.618 projection of the May 6 - Jun 5 from Jun 22 low
  • RES 2: 125.23 High May 1, 2019
  • RES 1: 124.29/43 High Jul 22 / Jun 5 and key resistance
  • PRICE: 123.26 @ 10:50 BST Jul 29
  • SUP 1: 122.84 Low Jul 24 and key intraday support
  • SUP 2: 122.47 Low Jul 21
  • SUP 3: 122.43 20-day EMA
  • SUP 4: 121.82 Low Jul 15 and 16

EURJPY continues to trade below resistance at 124.29, Jul 22 high and
primary resistance at 124.43, Jun 5 high. On Jul 24, the cross probed key
support at 123.06 before finding support at the day low of 122.84. A close
below 123.06 would signal a top and highlight the potential for a deeper
correction. For now, the current uptrend remains intact. Clearance of
124.43 would trigger an extension higher.

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