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Bears Take Out 123.00 EURJPY........>

EURO-YEN TECHS
EURO-YEN TECHS: Bears Take Out 123.00 
EURJPY remains under serious downside pressure with the 123 level giving way to
open a run at the Jan 4 low at 122.59. Below here would return the focus to the
Jan 3 lows. Bulls need to recover 124 on a closing basis before targeting
Monday's high at 124.30. A topside break of 125.00 puts the focus back on the
125.30-60 zone which holds the 50% retracement of the Apr fall & previous series
of highs.

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