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124.00 Back Under Pressure Despite...>

EURO-YEN TECHS
EURO-YEN TECHS: 124.00 Back Under Pressure
Despite staging a recovery to 124.86, EURJPY struggled throughout the European
morning session with a reversal back toward the 124.00 level. Bears target a
break of yesterday's pullback low at 123.77, below which opens the Jan 4 low at
122.59, ahead of the 38.2% retracement level at 121.99. Bulls need to overcome
the 125.00 level to stabilise the outlook, opening the Jan 1 & Dec 31 highs at
126.14/44.

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