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EURO-YEN TECHS: Range Highs In Focus
EURJPY failed to take out the Feb 20 & Feb 4 highs at 125.94/95 yesterday,
giving more importance to this level. A break of 126 would reignite upside
momentum putting focus back on the ytd high at 126.14, ahead of a potential
return toward the 128 level. On the downside bears now look for a close below
the 50-dma at 125.19, to open the Feb 15 low at 124.23.