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Failed Break of 129.00 EURJPY........>

EURO-YEN TECHS
EURO-YEN TECHS: Failed Break of 129.00
EURJPY failed to convincingly hold above 129.00, with the subsequent reversal
basing ahead of 128.20 to maintain the neutral outlook. Bulls need a break of
130.00 to re-establish some positive momentum, above here puts focus back on the
Aug 30 high of 130.87 ahead of the 200-dma at 131.21. The 21-dma is now seen as
a key level of support at 128.14. A break below here would open up 127.00 to
return the focus to the August lows of 124.91.

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