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EURO-YEN TECHS: Comfortably Holding Above 125
EURJPY cleared 125.00 in Asia with the recovery extending through 125.20. Bulls
topside focus remains on the 100-dma & 50% retracement of 126.81-124.09 at
125.44/45, with a break here needed to challenge the 126.00/05 area which has
proved hard to overcome. Bears need to take out the Apr 26 low & 124.00 level to
return the focus to the 50% retracement of the 2016 lows to the 2018 highs &
March lows at 123.72/66.