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March Highs Intact Renewed risk......>

EURO-YEN TECHS
EURO-YEN TECHS: March Highs Intact
Renewed risk appetite saw EURJPY briefly challenge the Mar 20 high yesterday,
before fading. Bulls need a break of 126.79 to extend the uptrend towards the
127.00 level. Above here would open a run at the Mar 1 high (127.50), ahead of
the 61.8% retracement of 133.13-118.71 & 200-dma at 127.62/63. On the downside,
bears need to clear the 126.00 level and 100-dma at 125.80 to negate the upside
break.

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