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Bears Need Close Below 127.15........>

EURO-YEN TECHS
EURO-YEN TECHS: Bears Need Close Below 127.15
EURJPY extended its corrective pullback to 128.51 following Friday's breach of
the key 55-DMA support level. Bears now need a close below 127.15 to challenge
the June lows at 126.65. A break below here brings the YTD May 29 low at 124.62
into focus. Bulls need to reclaim 129.52 to stabilise the outlook, putting focus
on the 100-dma at 130.12.

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