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Positive Weekly Close Despite........>

EURO-YEN TECHS
EURO-YEN TECHS: Positive Weekly Close
Despite briefly dipping back under the 124.00 level, EURJPY rallied to hold
towards the upper end of its weekly range. Bulls look for a close above 125 to
suggest a bullish reversal, opening a move towards the Jan 1 & Dec 31 highs at
126.14/44. Bears need a break of the Jan 15 low at 123.40 to return focus to the
38.2% retracement level & Jan 4 low at 122.65/59.

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