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Trendline resistance break yet to....>

EURO-YEN TECHS
EURO-YEN TECHS: Trendline resistance break yet to be confirmed:
*RES 4: 123.75 High May 21
*RES 3: 123.18 High Jun 11 and key resistance
*RES 2: 123.08 38.2% Fibonacci retracement of the Apr 17-Jun 3 decline
*RES 1: 122.25/47 Trendline resistance drawn off the Apr 17 high and intraday
high
*PRICE: 121.92 @ 05:06 GMT June 25
*SUP 1: 121.92 Intraday low
*SUP 2: 121.72 100-hma
*SUP 3: 120.95 Low Jun 21
EURJPY attempted a break of trendline resistance yesterday at 122.34. A clear
break has yet to be confirmed though and the Asian sell-off suggests the cross
is struggling at the trendline. Today's intraday high of 122.47 marks an
important resistance. A break would again signal a trendline break and reinforce
the bullish engulfing reversal candle from Jun 21. On the downside, a continued
failure to hold 122.00 exposes the 100-hma at 121.61 and 120.95.

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