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Bulls Unable To Recover 125 EURJPY...>

EURO-YEN TECHS
EURO-YEN TECHS: Bulls Unable To Recover 125
EURJPY was unable to break back above the March 26 high at 125.01 yesterday
despite some strength, keeping the near term outlook neutral. A close above here
is needed to target the 50-dma at 125.33 ahead of pivotal resistance & the Mar
22 high at 125.95/126.18. Bears need to take out the 124.00 level to regain
control, before challenging the 50% retracement level & Jan 15 low at 123.54/40.

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