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False Break Another false break......>

EURO-YEN TECHS
EURO-YEN TECHS: False Break
Another false break through broken uptrend support off the Aug 15 low has seen
EURJPY recover the 128 handle. Bears have been unable to extend weakness through
the Dec 4 low, with the cross basing at 127.46. A downside break of 1.27 is
required to build on recent momentum, targeting the Oct lows at 126.64. Bulls
need to clear broken trendline support-turned-resistance & the 100-dma at
128.83/11 to improve the outlook. Above here opens the 200-dma & Nov 9 high at
129.63/64.

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