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Challenging 124 Consolidation........>

EURO-YEN TECHS: Challenging 124
Consolidation above 123.50 through Europe shifts momentum back toward the 124
level. Bulls need a close above here to extend the uptrend, before challenging
the Aug 15 low & 76.4% retracement at 124.91/125.12. Below 124 keeps the outlook
bearish with downside focus on the Jan low at 122.59, ahead of the 38.2%
retracement level at 121.99.

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