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USDJPY TECHS

Remains Well Above Monday’s Low

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EURO-YEN TECHS
EURO-YEN TECHS: Bulls Need Close Above 200-DMA
* The lack of follow through and aggressive reversal following the pop above the
55-WMA is less than ideal for bulls when combined with very O/B daily studies
looking to correct. 
* Bears now look for a close below Y130.64 to gain breathing room and below
Y129.83 to hint at a move back to Y128.40 with below the 55-DMA (Y129.28) to
confirm. 
* Overall bulls look for a close above the 200-DMA to target Y133.48-135.62
where the LT TL off 2014 highs is noted.

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