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EURO-YEN TECHS
EURO-YEN TECHS: How Many Days Can We Trade in a 128-129 Range?
EURJPY has now remained in a broad 128-129 sideways trend for ten consecutive
sessions and it is getting increasingly difficult to write interesting daily
updates! Bears need a close below 128 to resume the downtrend, opening the Oct
26 low at 126.64, ahead of the Aug 15 low at 124.91. Bulls look for a close
above 129, which would bring the 200-dma into play at 129.87.

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