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100-DMA Key Support Area EURJPY......>

EURO-YEN TECHS
EURO-YEN TECHS: 100-DMA Key Support Area
EURJPY continues to hold above its 100-dma on a closing basis, which is the last
line of defense preventing a more serious decline. Having briefly traded above
the 130 level, bulls need to overcome the double-top resistance area at 130.50,
ahead of the 200-dma at 130.76. On the downside, a close below the 100-dma would
target 127.87 marking the Sep 10 low and signal that the medium-term outlook is
deteriorating.

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