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Rally Above 125 Fails To Hold .......>

EURO-YEN TECHS
EURO-YEN TECHS: Rally Above 125 Fails To Hold 
EURJPY was unable to consolidate gains above the 125 level yesterday despite a
brief intraday break, which has seen the focus return to the downside. Bears now
look for a downside break of the 123.70/90 zone which has registered a series of
previous lows to reignite downside momentum. Bulls look for a close above 125 to
put the focus back on the 50-dma at 125.34, ahead of pivotal resistance at
125.83. 

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