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Contracting Range EURJPY's recover...>

EURO-YEN TECHS
EURO-YEN TECHS: Contracting Range
EURJPY's recover off Friday's low reached as high at 125.27 before fading, which
has established a lower high. A contracting range is now in play with bears
targeting the Friday low at 124.23 to reignite downside momentum towards the Jan
24 low & channel base at 123.79/54. Bulls look to recover 125.27 to open the Feb
4 high at 125.95. A break would suggest a run at the 128 congestion area. 

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