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Vulnerable at the Friday Close.......>

EURO-YEN TECHS
EURO-YEN TECHS: Vulnerable at the Friday Close
*RES 4: 125.96 50% retracement of the 2018 - 2020 sell-off
*RES 3: 124.43 High Jun 5 and the bull trigger
*RES 2: 122.61 High Jun 9
*RES 1: 121.95 High Jun 11
*PRICE: 120.84 @ 16:59 BST Jun 12
*SUP 1: 120.26 Intraday low
*SUP 2: 119.62 Low Jun 2
*SUP 3: 119.43 50.0% retracement of the May - Jun rally
*SUP 4: 118.95 Low Jun 11
EURJPY heads into the Friday close flat but at the lower levels of the week.
Price action at the beginning of the week completed a 3-day reversal in candle
terms known as an evening star. This signalled that a trend reversal at 124.43,
Jun 5 high had occurred. The sell-off across the week has confirmed this warning
and further downside is seen as likely. Attention is on 119.43 next, a Fibonacci
retracement.

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