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Global Equities Weigh Sharp falls....>

EURO-YEN TECHS
EURO-YEN TECHS: Global Equities Weigh
Sharp falls in global equity markets fuelled the risk averse theme, with EURJPY
staging a sharp 200 pip reversal through the 124.00 level. This opens a run at
the 123.70/80 area which has registered a series of previous lows through
Jan/Feb, below here opens the 50% retracement level & Jan 15 low at 123.54/40.
Bulls need to recover the 126 level and 100-dma at 126.42 to build momentum,
putting the focus back on the Mar 5 high at 126.94.

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