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Potential Bullish Break EURJPY has...>

EURO-YEN TECHS
EURO-YEN TECHS: Potential Bullish Break
EURJPY has overcome its near term range highs in Asian trading with a close
around current levels needed to overcome the 100-dma at 126.48 on a closing
basis which has been difficult to achieve over the past week. Above here brings
the Mar 5 high at 126.94 & the 127.00 level back into play. To regain the
advantage bears need a close back below 126 to bring the 50-dma at 125.28 into
play before focusing on the Feb 15 low & 38.2% retracement level 124.23/14. 

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