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Remains Capped On Approach To........>

EURO-YEN TECHS
EURO-YEN TECHS: Remains Capped On Approach To 55-DMA
*RES 4: Y131.01 Daily bear channel top
*RES 3: Y130.53 55-DMA
*RES 2: Y130.27 High June 7
*RES 1: Y130.05 High June 11
*PRICE: Y129.63 @ 0240GMT
*SUP 1: Y129.26 Alternating hourly support/resistance 
*SUP 2: Y128.49 Hourly support June 11 
*SUP 3: Y128.09 Low June 8 
*SUP 4: Y127.56 Low June 4
*COMMENTARY: O/B daily studies remain the key concern for bulls as the pair
continues to hesitate ahead of the 55-DMA and layers of resistance
Y130.27-132.59 where key DMAs, WMAs and the daily bear channel top are situated.
Bears now need a close below Y129.26 to gain breathing room and below Y127.10 to
shift focus back to 2018 lows. Overall bulls need a close above Y132.59 to shift
initial focus back to Y134.12-136.00 where the LT TL off 2014 highs is noted.

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