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Recovery Continues To Extend *RES....>

EURO-YEN TECHS
EURO-YEN TECHS: Recovery Continues To Extend
*RES 4: 123.36 Jul 1, 2019 high
*RES 3: 122.65 High Dec 13 and bull trigger
*RES 2: 122.50 High Dec 27
*RES 1: 122.05 Intraday high
*PRICE: 121.97 @ 06:11 GMT Jan 13
*SUP 1: 121.52 Low Jan 10
*SUP 2: 121.13 Low Jan 9
*SUP 3: 120.61 Bull channel base drawn off the Sep 3 low
*SUP 4: 120.17 Low Jan 3, 8 and key support
EURJPY maintains a firmer tone following last week's gains that saw key channel
support remain intact, despite a test below it between Jan 3 -Jan 8. The channel
is drawn off the Sep 3 low and intersects at 120.61 today. The recovery off
recent intraday lows is encouraging for bulls and the break of 121.45 has also
resulted in a breach of 122.02, high Jan 2. A clear break of this level would
expose 121.68, Dec 13 high and the key bull trigger. 121.52 is support.

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