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EURO-YEN TECHS: Flirting With the 100-DMA
After opening at and solidly falling below the 100-dma (at 129.54) at the Asian
open, the US session saw EURJPY come under further pressure. Bulls need to break
above 130.14 to set up a run at the double-top resistance area & 200-dma at
130.50/66. A break opens the 50% fibo of the 2018 range at 131.06. Bears need a
close below the 100-dma before challenging last week's lows at 128.32.