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Six Weeks of Sideways We have now....>

EURO-YEN TECHS
EURO-YEN TECHS: Six Weeks of Sideways
We have now traded between 123.40-125.95 since Jan7. The failure to top the
50-dma Wednesday plays into bear's hands for now, keeping focus on downside
targets at Y124.18 and Y123.79. This will remain the case until bulls are able
to nudge the price back above Y125.58. Above there, bulls target the Feb 2 high
& down trendline resistance at 125.95/126.15. A recovery through here
strengthens the uptrend bringing the 128 area back into focus.

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