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Defensive Euro EURJPY extended......>

EURO-YEN TECHS
EURO-YEN TECHS: Defensive Euro 
EURJPY extended its corrective pullback through the 100/55-dmas at 125.63/53 and
the 38% retracement of 126.81-123.66 at 125.61 yesterday, with the 125.00 level
giving way on an intraday basis. Bears look for a close through here to
challenge the 100-mma & Apr 1 low at 124.61/34. A break below here would open up
the the 50% retracement of the 2016 lows to the 2018 highs & March lows at
123.72/66. Bulls need to recover the 100-dma, before putting the focus back on
the 126 handle and Thursday's high at 126.81.

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