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Bulls Need a Close Above 128.........>

EURO-YEN TECHS
EURO-YEN TECHS: Bulls Need a Close Above 128
EURJPY has regained the 128.00 level with bulls looking for a close above to
stabilise the recent downtrend. Next resistance is seen at 128.36/44 from the
38.2% fibo of 2012 low to 2014 high & the Oct 25 high. A break here improves the
short-term outlook, targeting cloud base resistance at 129.02. Bears need a
close below 127.00, before turning attention toward Friday's low at 126.64,
ahead of the Aug 15 low at 124.91.

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