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Extending The Uptrend EURJPY.........>

EURO-YEN TECHS
EURO-YEN TECHS: Extending The Uptrend
EURJPY closed above the 100-dma (126.83) yesterday for the first time since
early November, with the recovery extending through 127.00. This brings the Dec
21 high at 127.69 back into view, ahead of a potential return toward 128 and the
200-dma at 128.11. On the downside bears continue to look for a close below the
50-dma at 125.07 to open the Feb 15 low at 124.23.

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