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4-Month Lows EURJPY breached the.....>

EURO-YEN TECHS
EURO-YEN TECHS: 4-Month Lows
EURJPY breached the key 123 level with the downtrend extending through the Jan 4
low to 122.49. The underlying tone remains heavy with next support at 122.07
which represents the 61.8% retracement of the 2019 range. Further support is
located around the 122 level, ahead of the long-term 50% retracement at 121.95.
Bulls need to overcome the 123.50/55 area, before targeting Monday's high at
124.30.

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