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Downtrend Gives Way EURJPY broke.....>

EURO-YEN TECHS
EURO-YEN TECHS: Downtrend Gives Way
EURJPY broke cleanly above down trendline resistance yesterday shifting the near
term outlook positive and targeting the 21-dma at 123.74, just north of
yesterday's high. Above here brings the 124 level back into focus, above which
would suggest a bullish reversal. On the downside bears need a close back under
123.00, before challenging the May 20 low at 122.54. Below here returns the
focus to the May 15 low & 61.8% retracement of the 2018 range at 122.08/07.

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