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100-DMA Back in Focus Despite........>

EURO-YEN TECHS
EURO-YEN TECHS: 100-DMA Back in Focus
Despite closing above the 100-dma on Friday, EURJPY failed to consolidate gains
and drifts back towards the 126.80 area. Bulls need to clear 127.50 to reignite
upside momentum, opening the key 128 area & 200-dma at 128.11. On the downside
bears continue to look for a close below the 100-dma to stabilise the outlook
and bring the 50-dma back into view at 125.10 ahead of the Feb 15 low at 124.23.

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