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Bears In Control EURJPY extended.....>

EURO-YEN TECHS
EURO-YEN TECHS: Bears In Control
EURJPY extended its selloff below the 100/55-dmas at 125.63/53 and the 38%
retracement of 126.81-123.66 at 125.61 yesterday with the 125.00 level giving
way on an intraday basis. Bears look for a close below this level to open the
Apr 10 low at 124.78. A break below here would open up the March lows and the
50% retracement of the 2016 lows to the 2018 highs before the pivotal long-term
50% retracement of the 2012 lows to the 2014 highs at 121.95. Bulls need to
recover the 126 handle before challenging Thursday's high at 126.81. A break
here opens a run at the 127 level, ahead of the Mar 1 high & 200-dma at 127.44.

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