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Struggling to Hold 126.00 USDTRY's...>

EURO-YEN TECHS
EURO-YEN TECHS: Struggling to Hold 126.00
USDTRY's move below 6.0000 triggered improved risk appetite via JPY crosses.
Despite this, EURJPY gains have so far been contained ahead of 126.40, with
consolidation above 127.00 needed to re-establish the uptrend. Bears will look
to break the Asia low at 125.87 to regain control and target the monthly lows at
125.15 for confirmation. Below here opens the May lows at 124.99/124.62, ahead
of the Jun 2017 lows at 123.85 and long-term 50% retracement level at 123.54.

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