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Uptrend Support In Focus Having......>

EURO-YEN TECHS
EURO-YEN TECHS: Uptrend Support In Focus
Having gapped lower at the open, EURJPY recovered throughout Asia-Pacific
trading hours on Monday and a close above the Y126.50 level will go a long way
to stemming the downside pressure. The uptrend from the Aug lows comes in at
125.50, below which would open a run at the August lows at 124.91. Bulls need to
clear broken trendline support-turned-resistance & the 100-dma at 128.77/06 to
improve the outlook. Above here opens the 200-dma & Nov 9 high at 129.59/64.

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