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125 the Key to a Move Higher.........>

EURO-YEN TECHS: 125 the Key to a Move Higher
EURJPY continues to challenge the 125 level and a close above here needed to
shift the outlook bullish. Although we have flirted with the level for some
time, we have not close above 125 since the flash crash. A move above here would
open the Jan 1 & Dec 31 highs at 126.14/44. Bears need to move the cross back
below the Jan 15 low at 123.40 to return focus to the 38.2% retracement level &
Jan 4 low at 122.65/59.

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