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Momentum Building EURJPY trades......>

EURO-YEN TECHS
EURO-YEN TECHS: Momentum Building
EURJPY trades through the 200-dma at 131.08, above here keeps the recent uptrend
intact. A break of the July 17 high at 131.99 & April highs at 133.49 are 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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