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Building Momentum EURJPY managed.....>

EURO-YEN TECHS
EURO-YEN TECHS: Building Momentum
EURJPY managed to close above the key 125 level yesterday which keeps the recent
uptrend intact. Renewed risk appetite briefly extended the recovery back through
125.50, with bulls targeting a break of pivotal resistance & the 100-dma at
125.95/125.99. Bears need to clear the April 4 low to return the focus to the
124 level, ahead of the 50% retracement & Jan 15 low at 123.54/40.

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