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Breaks Cloud Base Support Failure....>

EURO-YEN TECHS
EURO-YEN TECHS: Breaks Cloud Base Support
Failure to consolidate above 129.00 has seen EURJPY develop a classic bearish
reversal pattern, extending through cloud base support to 128.21. A break of
127.92 is needed to confirm the broader downtrend with 127.15 the initial
target. Bulls need a recovery above the week's 129.46 highs to retain confidence
for those looking to target the 100-dma at 130.08.

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