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Failed Break Above 125 EURJPY has...>

EURO-YEN TECHS
EURO-YEN TECHS: Failed Break Above 125 
EURJPY has retraced back under 125 suggesting a failed break which puts the
focus on the downside. Bears now need a move back below 124, returning the focus
to the Jan 15 low at 123.40. Below here would open the 38.2% retracement level &
Jan 4 low at 122.65/59. Bulls short-term focus remains on the Jan 30 high at
125.47, a break above here brings the YTD Jan 1 high at 126.14 into view.

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