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EURO-YEN TECHS: Bulls Take Charge
EURJPY extends its recovery off Friday's low (124.23) to comfortably hold above
125.00. Bulls initially target down trendline resistance & the Feb 4 high at
125.90/95. A break here would strengthen the uptrend and brings the 100-dma at
127.22 back into view, ahead of a return to the 128 level. Bears need a close
below 124.23 to reignite downside momentum towards the Jan 24 low & channel base