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Upside Extension: *RES 4: 122.35.....>

EURO-YEN TECHS: Upside Extension:
*RES 4: 122.35 200-DMA
*RES 3: 121.68 50% retracement of Mar-Sep decline
*RES 2: 121.38 High Jul 25/31
*RES 1: 120.77/95 Low Jun 3 and Jun 21
*PRICE: 120.43 @ 04:58 GMT Oct 17
*SUP 1: 119.12 Low Oct 15
*SUP 2: 118.73 Low Oct 11
*SUP 3: 118.28 Former channel top drawn off Apr 17 high
*SUP 4: 117.58 Low Oct 10
EURJPY extended gains yesterday and has confirmed a clear break of the 120.01
bull trigger, Sep 13 high. This reinforces the bullish significance of the
channel breakout on Oct 10 and confirms a bullish reversal. With further gains
anticipated near-term, attention is on the June lows of 120.78/95 and
potentially the 200-dma further out. On the downside, support is seen at 119.12,
Oct 15 low.

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