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Off Multi-month Lows EURJPY..........>

EURO-YEN TECHS: Off Multi-month Lows
EURJPY touched multi-month lows of 122.49 and was starting to display oversold
conditions, suggesting a short-term recovery. The cross squeezed back through
123.00 with bulls looking to overcome the 123.50/55 level, before targeting
Monday's high at 124.30. Bears target a break of 122.07 which represents the
61.8% retracement of the 2019 range. Further support is located around the 122
level, ahead of the long-term 50% retracement at 121.95.

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