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Back Under 122.00 EURJPY failed to...>

EURO-YEN TECHS
EURO-YEN TECHS: Back Under 122.00
EURJPY failed to break down trendline resistance off the Apr 17 high, with the
retracement extending back under the 122.00 level. Bears need to clear the Asia
low & trendline support at 121.60/28, before returning the focus to the
downside. Further support is located at 121.00, ahead of the longer-term
trendline at 120.45. Bulls need a positive close above 122.20 to cement the
uptrend and bring the 21-dma & May 28 high back into view at 122.51/70.

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