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Range Lows Holding Early weakness....>

EURO-YEN TECHS
EURO-YEN TECHS: Range Lows Holding
Early weakness in EURJPY steered clear of Thursday's low at 122.15 keeping the
range lows intact but recovery efforts have so far lacked bite keeping the focus
on the downside. Bears downside focus remains on Thursday's low at 122.15 ahead
of the May 15 low at 122.08 and the 122.00 level. Further support is located
behind at 121.95 from the 50% retracement of the 2012 low-2014 high. Bulls need
to clear 123.00 before challenging the 21-dma & May 21 high at 123.42/74. Above
here brings the 124 level back into view, with a break suggesting a bullish
reversal.

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