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Back Below 125 EURJPY bears target...>

EURO-YEN TECHS
EURO-YEN TECHS: Back Below 125
EURJPY bears target a downside break of the 21-dma & Feb 1 low at 124.73/37
following the break back below 125. A close back under 124 would return the
focus to the Jan 15 low at 123.40. Bulls need to recover the 125.50 area, before
challenging the 50-dma & ytd high at 125.94/126.14. Above here opens down
trendline resistance off the Sep highs at 126.47, ahead of the Dec 27 high at
127.10.

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