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Extending the Downtrend EURJPY.......>

EURO-YEN TECHS
EURO-YEN TECHS: Extending the Downtrend
EURJPY extended the downtrend following yesterday's close below 125. This brings
the 100-mma & Jan 22 low back into view at 124.22/05, ahead of a return to the
Jan 15 low at 123.40. Bulls need to recover the 125.50 area to change the
outlook, before challenging the 50-dma & ytd high at 125.95/126.14.

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