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Support Remains Exposed

EURJPY TECHS
  • RES 4: 135.23 Bull channel top drawn off the Oct 30, 2020 low
  • RES 3: 134.80 High Feb 8, 2018
  • RES 2: 134.19 1.618 proj of Jun - Sep - Oct 2020 swing
  • RES 1: 133.76/134.13 High Jun 10 / High Jun 1 and the bull trigger
  • PRICE: 132.79 @ 06:35 BST Jun 17
  • SUP 1: 132.65 Low Jun 14
  • SUP 2: 132.52 Low May 24
  • SUP 3: 132.16 50-day EMA
  • SUP 4: 131.78 Bull channel base drawn off the Oct 30, 2020 low

EURJPY traded lower yesterday but remains above 132.65, Jun 14 low. The recent move lower has seen price trade through the 20-day EMA signalling scope for a deeper corrective pullback, with attention on the 50-day EMA at 132.16. A support is also seen at 132.52, May 24 low. On the upside, firm resistance is at 133.76, Jun 10 high. A break would expose 134.13, Jun 1 high and the key bull trigger.

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