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Higher Highs Daily candles...........>

EURO-YEN TECHS
EURO-YEN TECHS: Higher Highs
Daily candles continue to look strong for EURJPY, with bulls waiting for a close
above 128.50 as the latest confirmation of a test on the 128.93 50-dma. The
cross confidently broke cloud base resistance Thursday, opening the Aug 9 high
at 129.01. Any move above here strengthens the case for an extended recovery
towards the 100-dma & Aug 7 high at 129.67/74. On the downside, failure to hold
126.50 returns the focus to 125.58, below here would give bears the ST advantage
and put focus squarely at the 125.29 Aug 16 low.

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