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Vertical Climb Extends *RES 4:.......>

EURO-YEN TECHS
EURO-YEN TECHS: Vertical Climb Extends
*RES 4: 126.07 High Apr 22, 2019
*RES 3: 125.96 50% 2018 - 2020 sell-off
*RES 2: 124.69 3.0% Upper Bollinger Band
*RES 1: 124.43 Intraday high
*PRICE: 123.75 @ 10:45 BST Jun 5
*SUP 1: 121.85 Low Jun 4
*SUP 2: 121.27 Low Jun 3
*SUP 3: 121.15 High Mar 25
*SUP 4: 119.62 Low Jun 2 and key near-term support
EURJPY's erratic rally extended into another session Thursday, taking out all
near-term resistance levels to maintain the bullish tone. The cross pushed
higher again earlier but is off the day high. At present, the RSI is flagging
the cross as the most overbought since mid-2017, which suggests further gains
may be hard fought, particularly with prices above both the 1.0% and 2.0% 10-dma
envelopes. Yesterday's low of 121.85 serves as support.

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