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Stalls at channel top: *RES 4:.......>

EURO-YEN TECHS
EURO-YEN TECHS: Stalls at channel top:
*RES 4: 121.38 High Jul 25 and Jul 30
*RES 3: 120.87 100-dma
*RES 2: 120.71 High Aug 1
*RES 1: 119.71/120.01 Bear channel resistance / High Sep 13
*PRICE: 119.16 @ 04:48 GMT Sep 17
*SUP 1: 118.69 Low Sep 16
*SUP 2: 117.56 Low Sep 12 and key near-term support
*SUP 3: 117.28 Low Sep 5
*SUP 4: 116.13 Low Sep 4
EURJPY failed Friday to breach key bear channel resistance at 119.84, drawn off
the Apr 17 high. To confirm the next leg higher and a resumption of the bull
trend, a clear channel breakout is required. The focus is on Friday's 120.01
high, the short-term bull trigger. On the downside, prices have retreated below
the 119.21 50-dma. Key support though lies at Thursday 117.56 low. A continued
move lower and away from the channel top would concern bulls.

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