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Accelerating Moves Lower EURJPY's....>

EURO-YEN TECHS
EURO-YEN TECHS: Accelerating Moves Lower
EURJPY's close below 128.00 yesterday keeps the pressure on the downside and
today we have traded below the bottom of the down trend channel which comes in
at 127.32. A close below here would accelerate the moves lower with the Aug 15
low at 124.91 becoming the next downside target. The 38.2% retracement from 2012
lows to 2014 highs at 128.52 is now acting as resistance. For bulls to regain
control, this level needs to be recovered before the 100-dma at 129.49 is
challenged.

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