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Consolidating Gains Above 128.50.....>

EURO-YEN TECHS
EURO-YEN TECHS: Consolidating Gains Above 128.50
EURJPY recovered the 128.50 level yesterday and is consolidating recent gains
ahead of cloud base resistance at 129.02, a break of which opens the 38.2%
retracement of the recent downtrend at 129.12. Bears need a close below 127.00
to reignite downside momentum, turning attention towards Friday's low at 126.64,
ahead of the Aug 15 low at 124.91.

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