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A Close Above 128 Would Stabilize....>

EURO-YEN TECHS
EURO-YEN TECHS: A Close Above 128 Would Stabilize
EURJPY rose as high as 128.23 yesterday before closing back below 128.00, but
this level has been overcome again today and a close above here would stabilize
the recent downtrend. Above the 38.2% retracement from 2012 lows to 2014 highs
at 128.36 and the Oct 25 high at 128.44 would further improve the short-term
outlook. Bears need a close below 127.00, before turning attention toward
Friday's low at 126.64, ahead of the Aug 15 low at 124.91.

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