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Briefly Above 123.00 Confirmation....>

EURO-YEN TECHS
EURO-YEN TECHS: Briefly Above 123.00
Confirmation of the falling wedge chart pattern has seen the bullish reversal
briefly extend through 123.00. Bulls look for a close above the 38.2%
retracement of the May-Apr fall at 123.08, before challenging the 1.0% 10-dma
envelope & May 22 high at 123.25/51. On the downside, any move back under the
triangle top would allow bears to return the focus to the 50% retracement level
& triangle base at 121.45/08.

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