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Y125.80 Level Remains Pivotal LT.....>

EURO-YEN TECHS
EURO-YEN TECHS: Y125.80 Level Remains Pivotal LT
*RES 4: Y130.22 Low May 18 now resistance
*RES 3: Y129.51 Low May 16 now resistance
*RES 2: Y129.10 200-WMA
*RES 1: Y128.94 Low Mar 23 now resistance
*PRICE: Y128.03 @ 0240GMT
*SUP 1: Y127.13 2018 Monthly Low May 25 
*SUP 2: Y125.80 Monthly Highs May 16 & 25 now support 
*SUP 3: Y125.16 100-WMA 
*SUP 4: Y125.10 Daily Bear channel base
*COMMENTARY: Failures around 21 & 55-DMAs left the pair looking heavy last week
with fresh 2018 lows continuing Friday. The Y125.80 weekly support remains
pivotal. Bears look for a close below to shift immediate focus to the bull
channel base (Y122.37) and hint at a move to Y114.82-117.05 where the bull
channel base off 2012 lows is noted. Bulls now need a close above the 200-WMA to
gain breathing room and above Y130.22 to shift initial focus back to Y131.37.

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