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Commerzbank: sell EUR/JPY, target 135.70

Commerzbank expects EUR/JPY to lose bullish momentum ahead of the 55-day MA (currently at 137.45). The cross will likely fall to the 135.70 area (Aug. 8 low). Next support for the pair lies at 135.02/134.95 (Sept. 2013 high) and at 133.50.

Chart. Daily EUR/JPY




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