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Bottom of The Range EURJPY topped....>

EURO-YEN TECHS
EURO-YEN TECHS: Bottom of The Range
EURJPY topped out ahead of 124.75 on Wednesday, before quickly retracing. The
move lower has extended in Asian hours, allowing the rate to take a look below
124.00. Bears now look for a break below a series of previous lows between
123.90/70. Bulls need to clear 125 to put the focus back on the 50-dma at
125.33, above here opens a run at pivotal resistance & the Mar 22 high at
125.95/126.18.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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