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Remains Vulnerable Despite Bounce....>

EURO-YEN TECHS
EURO-YEN TECHS: Remains Vulnerable Despite Bounce
*RES 4: 125.96 50% retracement of the 2018 - 2020 sell-off
*RES 3: 124.43 High Jun 5 and the bull trigger
*RES 2: 122.61 High Jun 9
*RES 1: 121.95 High Jun 11
*PRICE: 121.65 @ 10:49 BST Jun 12
*SUP 1: 120.26 Intraday low
*SUP 2: 119.62 Low Jun 2
*SUP 3: 119.43 50.0% retracement of the May - Jun rally
*SUP 4: 118.95 Low Jun 11
EURJPY remains vulnerable despite today's recovery. Price action Monday in
candle terms completed a 3-day reversal known as an evening star. This signalled
that a trend reversal at 124.43, Jun 5 high had occurred. The sell-off this week
has confirmed this warning and further downside is seen likely. Attention is on
119.43 next, a Fibonacci retracement. Initial resistance is at yesterday's high
of 121.95.

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