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Remains Vulnerable *RES 4: 125.96....>

EURO-YEN TECHS
EURO-YEN TECHS: Remains Vulnerable
*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: 121.04 @ 06:02 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. Price action Monday in candle terms completed a 3-day
reversal known as an evening star. This suggested sentiment had reversed to
bearish and signalled a top at last Friday's high of 124.43. This week's
sell-off has confirmed these reversal conditions 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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