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EURO-YEN TECHS: Clinging To 132
EURJPY's dip below the 132 level were bought to keep the larger bullish trend
intact, but a close above 133.12 is needed to extend the rally. Above here the
Apr 24 high at 133.49 provides next resistance, ahead of the 76.4% retracement
of the 2018 range at 134.53. Bears need a close under 132.00, targeting the
200-dma at 131.05 before challenging 130.00. A close below shifts the outlook
back to neutral and targets a return to the 128.00 area.