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Bears Look To Close Below 122........>

EURO-YEN TECHS
EURO-YEN TECHS: Bears Look To Close Below 122
Selling pressure returned to EURJPY in the NY session with the pair dipping as
low as 122. Bears now look to take out this level to extend the downtrend to the
76.4% retracement of 118.71-127.50. Below here would open the Jan 3 flash crash
low at 118.71. Bulls need to take out Monday's high at 122.81 to open a run at
the 21-dma & May 21 high at 123.14/74. 

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