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125 Providing Support EURJPY.........>

EURO-YEN TECHS: 125 Providing Support
EURJPY managed to close above the key 125 level yesterday and keeps the recent
uptrend intact. Renewed risk appetite extended the recovery back through 125.50
with bulls targeting a break of pivotal resistance & the 100-dma at
125.95/125.99. Bears need a move back under 125 to return the focus to 124 level
ahead of the 50% retracement level & Jan 15 low at 123.54/40.

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