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Failed to Clear 123.00 EURJPY........>

EURO-YEN TECHS
EURO-YEN TECHS: Failed to Clear 123.00
EURJPY confirmed a falling wedge pattern last week, with the bullish reversal
topping out at 122.99. Bulls look for a break above 123.00 and the nearby May 23
high & 38.2% retracement of the May-Apr fall at 123.08. On the downside, any
move back under the triangle top would allow bears to return the focus to the
50% retracement level & triangle base at 121.45/12.

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