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Bulls Need To Consolidate Above......>

EURO-YEN TECHS
EURO-YEN TECHS: Bulls Need To Consolidate Above 126
EURJPY finally broke above the Feb 20 & Feb 4 highs at 125.94/95 yesterday but
the pair has seen some renewed weakness today, dropping back below these levels.
A close above 126 would is needed to confirm yesterday's bullish break, putting
focus back on the ytd high at 126.14, ahead of a potential return toward the 128
level. On the downside bears now look for a close below the 50-dma at 125.10, to
open the Feb 15 low at 124.23.

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