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Stalls Ahead Of Key Resistance RES...>

EURO-YEN TECHS
EURO-YEN TECHS: Stalls Ahead Of Key Resistance
RES 4: 125.49 0.618 projection of the May 6 - Jun 5 from Jun 22 low
RES 3: 125.23 High May 1, 2019
RES 2: 124.96 2.0% 10-dma envelope
RES 1: 124.29/43 High Jul 22 / Jun 5 and key resistance
PRICE: 123.09 @ 16:35 BST Jul 24
SUP 1: 122.84 Low Jul 24
SUP 2: 122.47 Low Jul 21
SUP 3: 122.04 20-day EMA
SUP 4: 121.82 Low Jul 15 and 16
EURJPY has found resistance at 124.29, Jul 22 high just ahead of the primary
resistance at 124.43, Jun 5 high. Key support at 123.06, gave way ahead of the
close. The break, and more importantly a close below this level, signals a top
and highlights the potential for a deeper correction. While the support holds,
the current uptrend remains intact. Clearance of 124.43 would trigger an
extension higher.

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