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Close Above 200-dma to Move Out of...>

EURO-YEN TECHS
EURO-YEN TECHS: Close Above 200-dma to Move Out of Sideways Range
After breaking out of its 128-129 range on Wednesday, EURJPY is attempting to
cling on to gains but at the time of writing had fallen back to its previous
range, leaving the outlook neutral. To change to a bullish outlook, we need to
close above the 200-dma now comes into focus at 129.84 and a break above here
would suggest a recovery towards the Sep highs. Bears need a close below 128 to
resume the modest downtrend, opening the Oct 26 low at 126.64, ahead of the Aug
15 low at 124.91.

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