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Accelerating Bearish Trend EURJPY....>

EURO-YEN TECHS
EURO-YEN TECHS: Accelerating Bearish Trend
EURJPY breached 127.00 for the first time since October to keep the outlook
bearish. This brings the 50% retracement of 114.85-137.50 at 126.18 into view,
ahead of a run at the August lows at 124.91. Bulls need to clear broken
trendline support-turned-resistance & the 100-dma at 128.77/09 to improve the
outlook. Above here opens the 200-dma & Nov 9 high at 129.62/64.

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