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Potential Downside Reversal EURJPY...>

EURO-YEN TECHS
EURO-YEN TECHS: Potential Downside Reversal
EURJPY broke below uptrend support from the Jan 3 lows yesterday after losing
its grip on the 100-dma which now suggests a potential downside reversal. Bears
now target the Feb 4 high at 125.95 ahead of the 50-dma at 125.10. Below here
would open the Feb 15 low at 124.23. To return the focus to the upside bulls
need to recover the 100-dma at 126.73. A break would see bulls return the focus
to the 127 level ahead of Friday's high at 127.50.

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