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127.00 Key Resistance EURJPY's......>

EURO-YEN TECHS
EURO-YEN TECHS: 127.00 Key Resistance 
EURJPY's failure to hold below the 125.00 level and the subsequent recovery
above 126.00 has stabilised the near-term outlook. Consolidation above 127.00
will be needed to shift the focus higher and a break above 128.00 would
re-establish the uptrend. Bears will look to break the May lows at
124.99/124.62, ahead of the Jun 2017 lows at 123.85 and long-term 50%
retracement level at 123.54.

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