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Looking Bullish EURJPY has broken....>

EURO-YEN TECHS
EURO-YEN TECHS: Looking Bullish
EURJPY has broken above the Aug 30 high at 130.87 with the 200-dma at 131.13 the
next hurdle for the bulls to overcome as they attempt to resume the broader
uptrend. Above here targets the July 17 high of 131.99, and a close above this
level would potentially trigger a large-scale double-bottom formation. Bears
need a close below 130.00 to shift the outlook back to neutral and a close below
128.00 to return focus to the August lows of 124.91.

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