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EURO-YEN TECHS: Trying To Form A Base
After failing to take out Friday's low yesterday, EURJPY has seen some upside
momentum as bulls look for a recovery above the 21-dma at 124.73 to improve the
outlook and bring 125.50 into view. Above here would open a run at the 50-dma &
ytd high at 125.70/126.14. With last week's bearish reversal in mind, a downside
break of 124 is required to extend the downtrend and open the Jan 15 low at