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Fails at 129.00 EURJPY failed to.....>

EURO-YEN TECHS
EURO-YEN TECHS: Fails at 129.00
EURJPY failed to clear 129.00 but more importantly remains below key
support-turned-resistance at the 55-DMA, which now intervenes at 129.14. Below
this level the bears have the upper hand and look set to target 127.15 in the
first instance and then the June lows at 126.65. A break below here brings the
YTD May 29 low at 124.62 into focus.

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