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Consolidating Trend EURJPY...........>

EURO-YEN TECHS
EURO-YEN TECHS: Consolidating Trend
EURJPY extended the recovery off yesterday's post ECB lows (124.78) to
comfortably hold above the 125 level. This brings double-top resistance into
view at 125.45, ahead of the 125.60/65 area which has registered a series of
previous highs. Above here opens the 100-dma & 38.2% retracement level at
125.85/89. On the downside, yesterday's low at 124.78 is the initial target for
bears, ahead of the 100-mma & 61.8% retracement level of 123.67-125.62 at
124.62/41.

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