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200-DMA Under Threat EURJPY..........>

EURO-YEN TECHS
EURO-YEN TECHS: 200-DMA Under Threat
EURJPY managed to hold above the key 200-dma on a closing basis on Friday but
the pair remains under pressure again today. Bears look for a close below the
200-dma at 130.94 to shift the outlook neutral and target base support at 130.76
and the 100-dma at 129.37. Bulls need to break 132.00 to return upside focus,
before targeting 133.00, a level which is growing in importance having failed to
hold at a closing basis in recent sessions. 

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