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Recovery Looks Corrective EURJPY.....>

EURO-YEN TECHS
EURO-YEN TECHS: Recovery Looks Corrective
EURJPY was helped off its lows by a recovery in global stocks but gains have
remained corrective keeping the broader focus on the downside. Bears target a
downside break of Friday's low at 123.82 to open the 123.70/80 area which
registered a series of previous lows through Jan/Feb. On the upside bulls look
to clear the 50-dma before putting the focus back on the 126 level and 100-dma
at 126.36.

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