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Failing to Build Above 130.00........>

EURO-YEN TECHS
EURO-YEN TECHS: Failing to Build Above 130.00
Despite yesterday's break of downtrend resistance, EURJPY has so far struggled
to build on gains above 130.00. Bulls need a close above to set up a run at the
double-top resistance area & 200-dma at 130.50/75. A break opens the 50% fibo of
the 2018 range at 131.06. Bears need a close below the 100-dma at 129.50,
targeting the Sep 10 low at 127.87, signalling the medium-term outlook is
deteriorating.

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