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Potential Upside Reversal EURJPY...>

EURO-YEN TECHS
EURO-YEN TECHS: Potential Upside Reversal  
EURJPY has extended gains through the 128.00 level to 128.50 in early Asian
trading, with upside momentum building and pointing towards a potential bullish
reversal. The next resistance level is seen at 128.36/44 from the 38.2% fibo of
2012 low to 2014 high & the Oct 25 high. A break above here improves the
short-term outlook, targeting cloud base resistance at 129.02. Bears need a
close below 127.00, before turning attention toward Friday's low at 126.64,
ahead of the Aug 15 low at 124.91.

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