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Strength to strength Four of the.....>

EURO-YEN TECHS
EURO-YEN TECHS: Strength to strength
Four of the past five sessions have been strong for EURJPY, allowing the cross
to comfortably clear resistance at 127.19 and shift focus to recent highs of
129.01 and the 50-dma at 128.91. A close and hold above 128.00 will add weight
to the positive picture and further strengthen the case for an extended
recovery. Bulls target a move toward the 128.50-129.00 range, a break here opens
the Aug 7 high at 129.74. On the downside, failure to hold 126.50 returns the
focus to 125.58, below here would give bears the ST advantage and put focus
squarely at the 125.29 Aug 16 low.

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