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Recovery Short Lived EURJPY has......>

EURO-YEN TECHS
EURO-YEN TECHS: Recovery Short Lived
EURJPY has dipped back below 123 in early Asian trading extending the pullback
from Tuesday's high and shifting the focus back to trendline support at 122.86.
The May 20 low sits below at 122.54, ahead of the May 15 low & 61.8% retracement
of the 2018 range at 122.08/07. Bulls need to take out Tuesday's high and the
21-dma at 123.74/64 to regain the upper hand. Above here brings the 124 level
back into view, with a break suggesting a bullish reversal.

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