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Momentum Building EURJPY.............>

EURO-YEN TECHS
EURO-YEN TECHS: Momentum Building
EURJPY comfortably holds above the 200-dma to keep the recent uptrend intact.
The break of the July 17 high at 131.99 shifts focus to April highs at 133.49,
which will be needed to trigger a large double-bottom formation and shift the
medium-term outlook bullish. Bears need to break 130.00, a close below here
would shift the outlook back to neutral and target 128.00 to return focus to the
August lows of 124.91.

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