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EURJPY TECHS
  • RES 4: 152.81 1.50 proj of the Mar 20 - 21 - Apr 6 price swing
  • RES 3: 152.00 1.382 proj of the Mar 20 - 21 - Apr 6 price swing
  • RES 2: 151.61 High May 2 and the bull trigger
  • RES 1: 150.12/ 151.07 High May 31 / 29
  • PRICE: 149.78 @ 16:11 BST Jun 2
  • SUP 1: 148.59 Low May 31
  • SUP 2: 147.56/146.79 13 50-day EMA / 2.0% 10-dma envelope
  • SUP 3: 146.13 Low May 11 and a key support
  • SUP 4: 145.67 High Mar 31

EURJPY maintains a short-term bullish tone and the latest pullback appears to be a correction. Recent strength resulted in a breach of 150.32, 76.4% of the May 2 - 11 sell-off. The break opens 151.61, the May 2 high and a bull trigger. The 50-day EMA, which intersects at 147.56, remains intact and is a key support. A clear break of it is required to signal a reversal. Initial support lies at 148.59, the May 31 low.

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