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Searching For a Break EURJPY.........>

EURO-YEN TECHS
EURO-YEN TECHS: Searching For a Break
EURJPY consolidates in narrow range trade, searching for a break. Bears downside
focus remains on the May 15 low & 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 123.52/74. Above
here brings the 124 level back into view, with a break suggesting a bullish
reversal.

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