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EUR/JPY looks to fade recovery moves

Tuesday, March 17, 2015 9:30 AM UTC

Close at the end of last week below 128.52 weakens market
128.52 - 38.2% retrace of the 94.12 to 149.79 rise
Traders look to get short at 129.50 for losses to 125.10
Tenkan & kijun lines are aligned negatively, highlighting bearish structure

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EUR/JPY looks to fade recovery moves

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