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Hold Above 132 Keeps Outlook.........>

EURO-YEN TECHS: Hold Above 132 Keeps Outlook Bullish 
Bulls managed to hold onto short-term support at the 132.00 level which
corresponds to the July 17 high, keeping the rally intact. Focus returns to the
Sep 21 high at 133.13, above here opens the Apr 24 high at 133.49, ahead of the
ytd high at 137.50. A break back below 132.00 would allow bears to target the
200-dma at 131.08 before challenging the 130.00 area. A close below shifts the
outlook back to neutral and targets a return to 128.00.