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Briefly Above 129 EURJPY printed.....>

EURO-YEN TECHS
EURO-YEN TECHS: Briefly Above 129
EURJPY printed fresh three-week highs of 129.38 in early Asia, but has since
reversed gains, returning the outlook neutral. Bulls initially need a close
above the 100-dma at 129.38 to build on upside momentum. A break of the 200-dma
at 129.82 shifts the outlook bullish and could extend the recovery towards the
Sep highs. Bears need a close below 128 to resume the modest downtrend, opening
the Oct 26 low at 126.64, ahead of the Aug 15 low at 124.91.

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