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Impulsive climb: *RES 4: 119.98......>

EURO-YEN TECHS
EURO-YEN TECHS: Impulsive climb:
*RES 4: 119.98 Bear channel top drawn of the Apr 17 high and key resistance
*RES 3: 119.88 High Aug 6
*RES 2: 119.41/59 50-DMA / High Aug 13
*RES 1: 119.29 High Aug 14
*PRICE: 118.83 @ 08:37 GMT Sep 11
*SUP 1: 118.61 High Sep 5
*SUP 2: 117.73 Low Sep 9
*SUP 3: 117.28 Low Sep 5
*SUP 4: 115.87 Low Sep 3 and key support
EURJPY maintains a strong impulsive tone as the cross extends the recent rebound
off the Sep 3 low of 115.87. Momentum studies are firm and recent gains
highlight a bullish turn in shorter-term moving average studies. Further upside
is likely, the focus is on 119.59 and 119.88, Aug 13 and Aug 6 highs
respectively ahead of the bear channel top at 119.98. This is drawn off the Apr
17 high and represents a key resistance level. Support is at 117.73.

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