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Dip Buying Ahead of 125 EURJPY.......>

EURO-YEN TECHS
EURO-YEN TECHS: Dip Buying Ahead of 125
EURJPY touched pullback lows of 125.04, before improved risk appetite extended
the recovery to settle mid-range. Topside focus remains on a break of the
125.60/65 area which has registered a series of previous highs. Above here opens
the 100-dma & 38.2% retracement of 137.50-118.71 at 125.89. Bears now look for a
close back under 125.00 to return the focus to the downside, opening the April 2
low at 124.62/48.

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