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EURO-YEN TECHS: 125 Becoming Strong Support
EURJPY recovered above 125.00 Wednesday and held above despite being tested in
the late US session. Bulls topside focus remains on the 100-dma & 50%
retracement of 126.81-124.09 at 125.44/45, with a break here needed to challenge
the 126.00/05 area which has proved hard to overcome. Bears need to take out the
Apr 26 low & 124.00 level to return the focus to the 50% retracement of the 2016
lows to the 2018 highs & March lows at 123.72/66.