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  • RES 4: 126.13 High Sep 11
  • RES 3: 125.79 76.4% retracement of the Sep - Oct sell-off
  • RES 2: 125.13 High Nov 9 and the bull trigger
  • RES 1: 124.68 High Nov 11
  • PRICE: 124.02 @ 06:15 GMT Nov 27
  • SUP 1: 123.70/69 50- and 20-day EMA levels
  • SUP 2: 122.85/69 Low Nov 19 / Low Nov 9 and key S/T support
  • SUP 3: 122.45 76.4% retracement of the Oct 30 - Nov 9 rally
  • SUP 4: 122.21 Low Nov 5

EURJPY recovered off recent lows this week and probed resistance at 124.44, Nov 16 high. A clear break of this level would signal scope for a stronger recovery and open resistance at 125.13, Nov 9 high and a bull trigger. On the downside, firm support has been defined at 122.85, Nov 19 low. Bulls will be looking for this level to hold. A break would likely trigger a deeper sell-off. Initial support lies at 123.68/64.

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