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Briefly Under 124.00 EURJPY..........>

EURO-YEN TECHS
EURO-YEN TECHS: Briefly Under 124.00
EURJPY briefly traded under the 124.00 level, before staging a recovery to
settle mid-range. The short-term outlook remains neutral with topside focus on
the 125.00 level. A close above here would suggest a bullish reversal towards
the Jan 1 & Dec 31 highs at 126.14/44. Bears need a break of the Jan 15 low at
123.40 to return focus to the 38.2% retracement level & Jan 4 low at 122.65/59.

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