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Renewed Appetite Builds Above........>

EURO-YEN TECHS
EURO-YEN TECHS: Renewed Appetite Builds Above 124.50
EURJPY briefly challenged Friday's low before staging a recovery back through
124.50. Bulls need a convincing break of the 21-dma (124.70) to stabilise the
outlook and bring 125.50 into view. Above here would open a run at the 50-dma &
ytd high at 125.77/126.14. With last week's bearish reversal in mind, a downside
break of 124 is required to extend the donwtrend and open the Jan 15 low at
123.40.

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