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Bulls Challenge Mar 20 High .........>

EURO-YEN TECHS
EURO-YEN TECHS: Bulls Challenge Mar 20 High 
EURJPY remains on the front foot following Friday's surge on the back of
improved Chinese data and surging global stocks. The Mar 20 high at 126.79 is
now the target, with a break here shifting the focus back to the 127.00 level,
ahead of a run at the Mar 1 high & 200-dma at 127.50/65. On the downside, bears
need a move back below 125.83 to negate the upside break. Wednesday's low at
124.78 is the next target, ahead of the 100-mma & 61.8% retracement level at
124.62/41.

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