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EURO-YEN TECHS: Failed to Clear 200-dma
EURJPY failed to clear the 200-dma at 131.13 with the reversal extending back
under 131.00. A break of this key level is required for bulls to resume the
broader uptrend and target the July 17 high of 131.99. A close above would
potentially trigger a large-scale double-bottom formation. Bears need a close
below 130.00 to shift the outlook back to neutral and a break of 128.00 to
return focus to the August lows of 124.91.