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EURJPY is breaking lower through...........>

EURO-YEN
EURO-YEN: EURJPY is breaking lower through important near-term support levels,
suggesting a correction lower is now likely to develop. EURJPY is already below
the 200-dma, which had been defining the lower boundary of the narrow range for
the past two weeks. The more important 131.94 level is currently being tested. A
move below here changes the near-term technical picture for EURJPY switching the
focus back to the 130.00 level. Momentum indicators are also now giving bearish
signals, providing further evidence of a potential change in tone.

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