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Back Above 122 EURJPY breached the...>

EURO-YEN TECHS
EURO-YEN TECHS: Back Above 122
EURJPY breached the 122.00 level for the first time since early January,
touching as low as 121.58 before mounting a recovery back through the handle.
Bulls now need to recover Monday's high at 122.81, before challenging the 21-dma
at 123.01, above which would suggest an upside reversal. Bears need a close back
below 122 to reignite the downtrend. Below yesterday's low at 121.58 opens a run
at the 121.00 level, ahead of the 76.4% retracement of 118.71-127.50 at 120.78. 

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