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EURO-YEN TECHS: Bearish Reversal
EURJPY cleared its 50-dma & 125.00 level yesterday, extending the downtrend
towards the Feb 15 low at 124.23 which acts as the next level of support. Below
here opens the 38.2% retracement of 2019 range at 124.14, ahead of the Jan 24
low at 123.79. To stabilise the outlook bulls need to recover 126, before
challenging the 100-dma & Mar 5 high at 126.65/94.