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Testing 100-DMA Support EURJPY has...>

EURO-YEN TECHS
EURO-YEN TECHS: Testing 100-DMA Support
EURJPY has so far struggled to build above 130.00, with the subsequent
retracement seen flirting with 100-dma support. A close below here would see
bears regain control, targeting the Sep 10 low at 127.87, signaling the
medium-term outlook is deteriorating. Bulls need to recover 130.00 to set up a
run at the double-top resistance area & 200-dma at 130.50/75. A break opens the
50% fibo of the 2018 range at 131.06.

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