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  • EUR/JPY stalled through the 50% Fibo of the late Sep highs and early  Jan lows and smashed through the 125.68   uptrend support  and  the 55-day ma at 125.28 – The Feb  low just above 124 the figure was also breached.
  • Bears can target  another test of the 124 handle opening prospects for  123.40 mid-January low ahead of 122.70 and 121.50.
  • On the flip side, the 61.8% Fibo guards territory towards the 200-day ma just below the 128 handle.