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200-DMA In Focus EURJPY had a........>

EURO-YEN TECHS
EURO-YEN TECHS: 200-DMA In Focus
EURJPY had a brief look above 130 yesterday before closing below it but the
broader bullish trend remains intact with the Oct 22 high & 200-dma at 130.20/21
in focus. Above here would open a move towards 130.65 which represents the 61.8%
retracement of 133.13-126.64. Bears need a close below the 100-dma at 129.52 to
return the focus back to neutral, while a break back below 127.00 is needed to
reignite downside momentum.

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