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Improved Risk Outlook EURJPY.........>

EURO-YEN TECHS
EURO-YEN TECHS: Improved Risk Outlook
EURJPY closed above the 100-dma yesterday with the uptrend extending through
Asia/Europe. Next resistance is seen at 126.79 from the Mar 20 high, above here
put the focus back on 127.00 level & March 1 high at 127.50. On the downside,
bears need a break back below 125.83 to negate the upside break. Wednesday's low
at 124.78 is the next target, ahead of the 100-mma & 61.8% retracement level at
124.62/41.

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