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EURO-YEN TECHS: Hovers Close to the Week's Lows
EURJPY continues to trade either side of 125.00 with bears eyeing the Apr26 low
& 124.00 level to return the focus to the 50% retracement of the 2016 lows to
the 2018 highs & March lows at 123.72/66. Bulls look to clear the 125.40-60 zone
which holds the 100-dma, 50% retracement of the Apr fall & previous series of
highs. A topside break opens a move toward the 126.00/05 area which has proved
hard to overcome.