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Broad Downtrend Intact EURJPY's......>

EURO-YEN TECHS
EURO-YEN TECHS: Broad Downtrend Intact
EURJPY's failure to break above 127 has seen bears regain control, breaking
below 126 is Asian trading and threatening to resume the broader downtrend.
Consolidation above 127.00 will be required to re-establish the uptrend, but
markets appear more focused on initial support at 125.15 before targeting the
May lows of 124.99/124.62. This would open a move toward the Jun 2017 lows at
123.85 ahead of the long-term 50% retracement level at 123.54.

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