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Daily technical outlook for EUR/JPY: Societe Generale

Tuesday, February 24, 2015 10:41 AM UTC

Quotes from Societe Generale Cross Asset Research:

-EUR/JPY is hovering close to an upward trend line and the 10 week MA of 137.60. With weekly indicator testing a resistance, upside looks capped.

-Short term, it is evolving within an upward channel. A break below 133.40 will mean a retracement towards 131.70 and probably even lead to a re-test of previous lows.

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Daily technical outlook for EUR/JPY: Societe Generale

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