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Bulls Need to Hold 125 Improved......>

EURO-YEN TECHS
EURO-YEN TECHS: Bulls Need to Hold 125
Improved risk appetite took EURJPY back above 125.00 with bulls short-term focus
on the Jan 30 high at 125.47. A break here brings the YTD Jan 1 high at 126.14
into view, ahead of the 50-dma at 126.22. Bears need a close under 124,
returning the focus to the Jan 15 low at 123.40. Below here would open the 38.2%
retracement level & Jan 4 low at 122.65/59.

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