Bears In Control EURJPY extended.....>

EURO-YEN TECHS: Bears In Control

EURJPY extended its selloff below the 100/55-dmas at 125.63/53 and the 38%

retracement of 126.81-123.66 at 125.61 yesterday with the 125.00 level giving

way on an intraday basis. Bears look for a close below this level to open the

Apr 10 low at 124.78. A break below here would open up the March lows and the

50% retracement of the 2016 lows to the 2018 highs before the pivotal long-term

50% retracement of the 2012 lows to the 2014 highs at 121.95. Bulls need to

recover the 126 handle before challenging Thursday's high at 126.81. A break

here opens a run at the 127 level, ahead of the Mar 1 high & 200-dma at 127.44.