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Monday's Highs The Target An.........>

EURO-YEN TECHS
EURO-YEN TECHS: Monday's Highs The Target
An improvement in risk appetite on the back of positive Chinese data has seen
EURJPY recover some of yesterday's losses to return the focus to Monday's high
at 126.79. Above here would extend the uptrend towards the 127.00 level ahead of
the Mar 1 high at 127.50 and the 61.8% retracement of 133.13-118.71 & 200-dma at
127.62/61. 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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