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Downtrend Resistance EURJPY..........>

EURO-YEN TECHS
EURO-YEN TECHS: Downtrend Resistance
EURJPY currently rests on down trendline resistance off the Apr 17 high around
122.20. A close above would reignite upside momentum toward the 21-dma & May 28
high at 122.51/70, with a break here suggesting a bullish reversal. Bears need
to clear the Asia low & trendline support at 121.60/28 to return the focus to
the downside. Further support is located at 121.00, ahead of long-term trendline
support at 120.45.

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