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Shallow Recovery EURJPY reclaimed....>

EURO-YEN TECHS
EURO-YEN TECHS: Shallow Recovery
EURJPY reclaimed the 124.00 level, extended the rally to 124.43 before fading.
Bulls need to recover 125 to put the focus back on the 50-dma at 125.33, above
here opens a run at pivotal resistance & the Mar 22 high at 125.95/126.18. Bears
look for a downside break of 124.00 to return the focus toward the 50%
retracement of 109.57-137.50 & Jan 15 low at 123.54/40. Below here opens a run
at the 123 level ahead of trendline support at 122.89.

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