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Bulls Eye 100-DMA Broader risk-on....>

EURO-YEN TECHS
EURO-YEN TECHS: Bulls Eye 100-DMA
Broader risk-on flows through Asia following the prospect of a US-China trade
deal saw EURJPY move above the 129 level. Bulls target a break of the 100-dma at
129.45 for confirmation of the recent uptrend. Above here opens the 55-dma at
129.78, ahead of the 130.00 level. Bears need a close below 127.00 to reignite
downside momentum, turning attention towards Oct 26 low at 126.64, ahead of the
Aug 15 low at 124.91.

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