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Bulls Need to Recover and Close......>

EURO-YEN TECHS
EURO-YEN TECHS: Bulls Need to Recover and Close Above 126.00
EURJPY breached 126.00 yesterday on the move to fresh ytd highs of 126.30, but
has since given back much of the gains. Consolidation above 126 is needed to
confirm the bullish break, putting focus back on yesterday's high, ahead of a
potential return toward the 128 level. On the downside bears now look for a
close below the 50-dma at 125.11, to open the Feb 15 low at 124.23.

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