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Consolidating Above 121.00 EURJPY....>

EURO-YEN TECHS
EURO-YEN TECHS: Consolidating Above 121.00
EURJPY based ahead of 120.75 with the recovery extending back through 121.00.
Bulls need to clear 121.50 to stabilise the outlook, before challenging the
100-hma at 121.75. Bears need a close back under 121.00, before returning
downside focus to the 120.75/80 area which has registered a previous series of
lows. Below here opens the 3% lower Bollinger band & long-term trendline at
120.47/45. Further support is located at 120.24 from the 61.8% retracement,
ahead of a run at the psychological 120 level.

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