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(U2) More Stable But Still Fragile


Trend Structure Remains Bullish


Cautious Risk Appetite Gains Momentum


Key Support Still Exposed


Late Equity Roundup: 2W Highs

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Impulsive Rally Extends *RES 4:......>

EURO-YEN TECHS: Impulsive Rally Extends
*RES 4: 122.03 2.0% 10-dma envelope
*RES 3: 121.15 High May 5
*RES 2: 121.04 50-dma
*RES 1: 120.99 High Feb 20
*PRICE: 120.86 @ 10:28 GMT Feb 20
*SUP 1: 118.47 Low Feb 18
*SUP 2: 118.11 3.0% Lower Bollinger Band
*SUP 3: 118.06 1.00 projection of the Jan 16 - Jan 30 decline from Feb 5 high
*SUP 4: 117.19 2.0% 10-dma envelope
No looking back for bulls in the cross, as markets again are higher. EUR/JPY
seems to be feeling out resistance ahead of the 50-dma at 121.04, which becomes
the first target. This looks to be snapping the 2020 pattern of lower lows and
is raising the risk of a recovery to 121.15. Should this momentum continue,
121.19 is the initial target ahead of 121.83.

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