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Holds Below 130 EURJPY lost its......>

EURO-YEN TECHS: Holds Below 130
EURJPY lost its grip on the 200-dma yesterday allowing bears to target the
50-dma at 129.58. The short-term outlook has turned bearish and a close below
the 50-dma would open the Sep 10 low of 127.97. Bulls need to break back above
132.00 to return upside focus, before targeting 133.00, a level which is growing
in importance having failed to hold at a closing basis in recent sessions.

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