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Stuck In A Tight Range EURJPY.......>

EURO-YEN TECHS
EURO-YEN TECHS: Stuck In A Tight Range 
EURJPY continues to trade in a tight, contracting range around the 128.50 level,
searching for a convincing break in either direction. Bulls need to recover the
200-dma at 130.00 to shift the outlook positive. Above here opens the Oct 10
high & 61.8% retracement level of 133.13-126.64 at 130.50/65. Bears look for a
close below 127.50 to regain control, targeting the Oct 26 low at 126.64, ahead
of the Aug 15 low at 124.91.

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