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EURO-YEN TECHS
EURO-YEN TECHS: Resistance-Turned-Support Holding Firm
EURJPY has found some support at the downward trendline from the February high,
which was formerly resistance. After overcoming the 129.14/22 resistance area,
the next hurdle is 131.15, a break of which would re-establish the bullish
trend. A break below trendline support, on the other hand, currently at 128.30,
would re-establish the broader downtrend, with bears likely to target 127.15 in
the first instance and then the June lows at 126.65. A break below here brings
the YTD May 29 low at 124.62 into focus. 

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