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128 Area Back In Focus EURJPY........>

EURO-YEN TECHS
EURO-YEN TECHS: 128 Area Back In Focus
EURJPY extended gains above its 100-dma on Friday which now brings the key 128
area into focus. The 200-dma sits just above here at 128.11 and a break above
here would suggest further upside momentum towards the Dec 13 highs at 129.26.
On the downside bears continue to look for a close back below the 100-dma at
126.80 to stabilise the outlook and open the 50-dma at 125.10 ahead of the Feb
15 low at 124.23.

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