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Range Highs Under Attack EURJPY......>

EURO-YEN TECHS
EURO-YEN TECHS: Range Highs Under Attack
EURJPY has so far failed to take out the Feb 20 & Feb 4 highs at 125.94/95,
giving more importance to this level. A break of 126 would reignite upside
momentum putting focus back on the ytd high at 126.14, ahead of a potential
return toward the 128 level. On the downside bears now look for a close below
the 50-dma at 125.14, to open the Feb 15 low at 124.23.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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