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Long-term Fibo Support Still in......>

EURO-YEN TECHS
EURO-YEN TECHS: Long-term Fibo Support Still in Play
EURJPY briefly spiked above 130 yesterday before giving back gains to keep the
downtrend intact. The focus is now on the long-term fibo support at 128.52 (2012
lows to 2015 highs) and last week's lows at 128.32. Below here lies the Oct 9
low at 127.87, and a break of this level opens the Aug lows below 126. Bulls
need to break above 130.14 to set up a run at the double-top resistance area &
200-dma at 130.50/63.

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