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EURO-YEN TECHS

Both USDJPY and EURUSD are offered today and this has seen EURJPY sell-off sharply as a result.

  • The focus is on 122.28 next, 61.8% retracement of the rally between Jun 22 and Sep 1.
  • A breach of this retracement would open 121.82, the Jul 15 and 16 low ahead of 121.14, the 76.4% retracement.
  • Today's intraday high of 123.94 marks initial resistance.

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