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Sharp Drop Turns Picture Neutral ....>

EURO-YEN TECHS
EURO-YEN TECHS: Sharp Drop Turns Picture Neutral 
Tuesday's bullish breakout above 130.00 has turned into key support, with prices
holding above this level for now despite yesterday's sharp drop. A rebound back
above 130.67 is need to restore the recent bullish structure. Should 130.00 give
way, 129.71 would be the next level of support, and holding above here is
essential to provide EURJPY will a platform to re-establish bullish momentum.
Failure would threaten the major up trendline support and potentially return the
focus to the 129.13 lows. 

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