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Failure to take out the 200-dma............>

EURO-YEN
EURO-YEN: Failure to take out the 200-dma (Y130.17) this week has seen EURJPY
retrace through the 100-dma to Y128.99 amid the backdrop of risk averse
markets/Italian budget concerns. Near-term support is seen at Y128.85/81 from
the Nov6 low & 38.2% fibo of the recent uptrend, below here and expect support
ahead of the Y128.00 level. Last Y129.06. 

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