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200-dma Key Resistance EURJPY........>

EURO-YEN TECHS
EURO-YEN TECHS: 200-dma Key Resistance
EURJPY failed to clear the 200-dma at 131.11 Friday, with the subsequent
reversal basing ahead of 130.00. Bulls initially need to recover downtrend
resistance off the Jul 18 high at 130.48, before challenging 131.00 and the
200-dma. A close above here resumes the broader uptrend and targets the July 17
high at 131.99. Bears need to break 130.00, a close below here would shift the
outlook back to neutral and target 128.00 to return focus to the August lows of
124.91.

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