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127.00 Holds The Key EURJPY's........>

EURO-YEN TECHS
EURO-YEN TECHS: 127.00 Holds The Key
EURJPY's subsequent recovery above 126.00 has stabilised the near-term outlook.
Consolidation above 127.00 will be needed to shift the focus higher, a break
above 128.00 would re-establish the uptrend, before making any attempts on the
100-dma, currently at 129.85. Bears will look to break the May lows at
124.99/124.62, ahead of the Jun 2017 lows at 123.85 and long-term 50%
retracement level at 123.54.

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