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Failed Break Above 125? EURJPY.......>

EURO-YEN TECHS
EURO-YEN TECHS: Failed Break Above 125?
EURJPY touched Fed react highs of 125.47, but has since retraced back under 125
suggesting a failed break. Bulls need a positive close today, before challenging
yesterday's high. A break above here brings the YTD Jan 1 high into view at
126.14, ahead of the 50-dma at 126.30. Bears need a break back below 124,
returning the focus to the Jan 15 low at 123.40. Below here would open the 38.2%
retracement level & Jan 4 low at 122.65/59.

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