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Range Trading EURJPY continues to....>

EURO-YEN TECHS
EURO-YEN TECHS: Range Trading
EURJPY continues to trade in a tight range keeping the outlook neutral. Bulls
initially need a close above the 100-dma at 129.38 to build on upside momentum.
A break of the 200-dma at 129.81 shifts the outlook more bullish, targeting the
Sep highs. Bears need a close below 128.00 to resume the modest downtrend,
opening the Oct 26 low at 126.64, ahead of the Aug 15 low at 124.91.

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