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Still No Close Above 125 EURJPY......>

EURO-YEN TECHS
EURO-YEN TECHS: Still No Close Above 125
EURJPY continues to look for a close above the 125 level to shift the outlook
bullish, but at the time of writing, it did not appear as though this was going
to happen on Tuesday. Although we have flirted with the level for some time, we
have not closed above 125 since the flash crash. A move above here would open
the Jan 1 & Dec 31 highs at 126.14/44. Bears need to move the cross back below
the Jan 15 low at 123.40 to return focus to the 38.2% retracement level & Jan 4
low at 122.65/59.

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