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Coming up in the Asia-Pac session on Monday:


Coming up in the Asia-Pac session on Monday:


Consolidation Mode But Remains Bearish


Fails To Hold Onto Thursday’s High

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Tilts lower: *RES 4: 120.71 High.....>

EURO-YEN TECHS: Tilts lower:
*RES 4: 120.71 High Aug 1
*RES 3: 120.43 100-dma
*RES 2: 120.01 High Sep 13 and the bull trigger
*RES 1: 119.26 Channel resistance drawn off Apr 17 high
*PRICE: 117.79 @ 15:05 GMT Sep 26
*SUP 1: 117.52 Intraday low
*SUP 2: 117.45 61.8% Sep3 - Sep13 rally
*SUP 3: 117.28 Low Sep 5
*SUP 4: 116.13 Low Sep 4
EURJPY remains softer this week and tilted lower Thursday. A failure to clear
bear channel resistance drawn off the Apr 17 high last week continues to weigh
on sentiment, which resulted in a break below 117.56 support, the Sep 12 low.
This signals potential for a deeper move lower towards the Sep 3 low of 115.87,
the next key support. On the upside, a break of channel resistance, at 119.26
and of resistance at 120.01 is required to confirm a reversal.
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