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EURO-YEN TECHS: Bearish Weekly Reversal
EURJPY looks primed for a bearish weekly reversal with a close below 124.31
needed for confirmation. A downside break of 124.00 brings the Jan 24 low at
123.79 into view, below which would open the Jan 15 low at 123.40. Bulls need to
recover the 125.50 area to change the outlook, before challenging the 50-dma &
ytd high at 125.86/126.14.