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Briefly Under 125 Risk appetite......>

EURO-YEN TECHS
EURO-YEN TECHS: Briefly Under 125
Risk appetite faded through NY with the cross briefly trading under 125.00.
Bears need a break back under 124.00 to return the focus to the 50% retracement
level & Jan 15 low at 123.54/40. While bulls look for a close above 125 to
stabilise the outlook and bring the Apr 3 high back into view at 125.45. Above
here opens a move toward pivotal resistance & the 100-dma at 125.95/126.02.

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