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Flirting With 124.00 Soft China......>

EURO-YEN TECHS
EURO-YEN TECHS: Flirting With 124.00
Soft China trade data was the catalyst through Asia/Europe, with the cross
breaking its recent range. EURJPY touched pullback lows of 123.77, putting focus
back on the Jan 4 low at 122.59, ahead of the 38.2% retracement level at 121.99.
Bulls need to overcome the 126 level to stabilise the outlook, opening the Jan 1
& Dec 31 highs at 126.14/44.

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