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Close Above 123 Stabilises EURJPY....>

EURO-YEN TECHS: Close Above 123 Stabilises
EURJPY touched multi-month lows of 122.49 yesterday before recovering losses to
close above 123 which stabilises the outlook. Bulls now target Monday's high at
124.30 to suggest a more sustainable recovery is at hand. Bears target a break
of 122.07 which represents the 61.8% retracement of the 2019 range. Further
support is located around the 122 level, ahead of the long-term 50% retracement
at 121.95.

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