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Bulls Target 123 And Down............>

EURO-YEN TECHS
EURO-YEN TECHS: Bulls Target 123 And Down Trendline Resistance 
EURJPY trades just below the 123 level as bulls look for a close above here and
123.10 to confirm the break of the downtrend from the April highs. Above here
brings in 123.60/70 which has registered a series of previous highs while a
break of 124 would suggest a bullish reversal. Bears look for a break of the May
15 low & 61.8% retracement of the 2018 range at 122.08/07. Below here returns
the focus to the 122.00 level & 50% retracement of the 2012 low - 2014 high at
121.95. 

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