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Briefly Breaking Up Trendline........>

EURO-YEN TECHS
EURO-YEN TECHS: Briefly Breaking Up Trendline Support
EURJPY broke below up trendline support from the Mar28 low at 125.86 during the
Asian session, a level that also represents the broken up trendline from 2009
lows. After challenging the 100/55-dmas at 125.66/52, EURJPY reversed its losses
ahead of the beginning of the European session moving back to the 125.86 level
at the time of writing. 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 127.50. Bulls need to close below the 100/55-dmas to
extend the downtrend toward 125.00 & the Apr 10 low at 124.78.

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