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EURO-YEN TECHS: Retracement Off Range Highs
EURJPY extended to 125.87, but failed to take out the Feb 20 & Feb 4 highs at
125.94/95, which now gives 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 look for a close
below the 50-dma at 125.24 to open the Feb 15 low at 124.23.