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JGB TECHS

(M1) Bullish Focus

AUSSIE 10-YEAR TECHS

(M1) New Multi-Month Highs

USDCAD TECHS

Clearing Major Support

AUDUSD TECHS

Sizeable Resistance Building

EURJPY TECHS

Needle Still Points North

MNI, NEWS
MNI: EURJPY: Trading At Bull Channel Top
*RES 4: 123.36 High Jul 1
*RES 3: 122.27 200-DMA
*RES 2: 121.68 50% retracement of Mar 4 - Sep 3 decline
*RES 1: 121.37/48 Bull channel top drawn off Sep 4 low / High Oct 21
*PRICE: 120.91 @ 09:26 GMT Oct 22
*SUP 1: 120.01 High Sep 13 and former breakout level
*SUP 2: 119.75 Low Oct 16
*SUP 3: 119.12 Low Oct 15
*SUP 4: 118.73 Low Oct 11
Despite this mornings pullback, EURJPY remains bullish. The cross recently
confirmed a break of 120.01, Sep 13 high. This reinforced the significance of
the channel breakout on Oct 10 and confirmed a reversal. With further upside
anticipated, attention is on the 200-dma at 122.27 and 122.36, Jul 1 high. Note,
the cross is trading at the top of a bull channel drawn off Sep 4 low. This
technical resistance may force a correction first. Support is at 120.01.