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129.00 Next Up EURJPY has............>

EURO-YEN TECHS
EURO-YEN TECHS: 129.00 Next Up
EURJPY has consolidated its recent recovery with the close above 128.50.
Near-term resistance is seen at the 128.93 from the 50-dma, the Aug 9 high at
129.01 lies ahead of this and any move above here strengthens the case for an
extended recovery towards the 100-dma & Aug 7 high at 129.65/74. On the
downside, failure to hold 126.50 returns the focus to 125.58, below here would
give bears the ST advantage and put focus squarely at the 125.29 Aug 16 low.

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