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Technical indicators still...........>

EURO-YEN TECHS
EURO-YEN TECHS: Technical indicators still bearish:
*RES 4: 120.05 Low Jul 25
*RES 3: 119.95/99 21-DMA / Upper 1.0% 10-dma envelope
*RES 2: 119.75/88 38.2% retracement of Jul-Aug fall / High Aug 06
*RES 1: 119.59 Intraday high
*PRICE: 119.30 @ 15:57 GMT Aug 13
*SUP 1: 118.43/41 100-hma / High Aug 12
*SUP 2: 117.69/52 Intraday low / Low Aug 12
*SUP 3: 117.00 Psychological support
*SUP 4: 116.51/47 Lower 2.0% 10-dma envelope / Low Apr 21 2017
EURJPY based ahead of 117.50 yesterday, before rallying through 119.00 on
positive trade headlines. Despite the short squeeze, technical indicators remain
bearish with near-term support from the 100-hma. A break opens a return to the
cycle low at 117.52, ahead of psychological support at 117.00. Bulls need a
convincing break of 120.00 to signal a short-term base. For now, the outlook
remains bearish.

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