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Down Trendline Resistance EURJPY.....>

EURO-YEN TECHS
EURO-YEN TECHS: Down Trendline Resistance
EURJPY cleared 123, before stalling around down trendline resistance off the Apr
highs. Bulls need a close above 123.15 to cement the uptrend and open 123.60/70
which has registered a series of previous highs. while a break of 124 would
suggest a bullish reversal. Bears look for a break of the May 15 low & 61.8%
retracement of the 2018 range at 122.08/07. Below here returns the focus to the
122.00 level & 50% retracement of the 2012 low - 2014 high at 121.95.

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