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Bullish Reversal Building EURJPY.....>

EURO-YEN TECHS
EURO-YEN TECHS: Bullish Reversal Building
EURJPY extends the recovery off yesterday's low (125.15) and is showing
tentative signs of a possible bullish reversal. Consolidation above 1.2700 would
further establish the uptrend allowing bulls to target 128.00 where Friday's
sharp declines begun. Initial support comes in at 126.05, bears need a break
below 125.15 to target the May lows of 124.99/124.62, which 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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