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Bears Look To Close Below 124........>

EURO-YEN TECHS
EURO-YEN TECHS: Bears Look To Close Below 124
EURJPY hit as low as 123.36 in early Asian trading as trade tensions pressured
the pair. While off its lows the bearish picture remains intact and a close
below 124 would cement the downside break. Below here would open a return the
focus to the 50% retracement of the 2016 lows to the 2018 highs & March lows at
123.72/66. On the topside bulls look to close above 124 to bring the focus back
to the 125.30-60 zone which holds the 100-dma, 50% retracement of the Apr fall &
previous series of highs.

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