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Risk Takes a Hit, Back Under.........>

EURO-YEN TECHS
EURO-YEN TECHS: Risk Takes a Hit, Back Under 123.00
Improved risk appetite extended the recovery to 123.40, before traders faded the
move. EURJPY dipped back under 123.00 and returns the downside focus to the May
9 low & channel base at 122.49/21. Below here opens the 61.8% retracement of the
2019 range at 122.07, ahead of the psychological 122.00 level. Bulls need to
clear the 123.60/70 area to stabilise the outlook, before challenging channel
top resistance at 123.88.

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