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EURO-YEN TECHS: Basing Potential
EURJPY managed to close marginally above the 125 level yesterday and gains have
continued into the Asian session. The 50% retracement of 126.81-124.09 & 100-dma
at 125.45/44 is the next upside target ahead of the 126 area. Bears look to take
out the Apr 26 low & 124.00 level to open the 50% retracement of the 2016 lows
to the 2018 highs & March lows at 123.72/66.