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Above Falling Wedge Top EURJPY.......>

EURO-YEN TECHS
EURO-YEN TECHS: Above Falling Wedge Top
EURJPY closed just above the falling wedge top on Thursday, with bulls now
looking towards the 21-dma & May 28 high at 122.41/70. A move back below the
falling wedge triangle peak at 122.08 would allow bears to re-focus on the
triangle base at 121.25, below here opens a run at the 121 level, ahead of
trendline support off the 2012 lows.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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