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Strong Yen Dominates EURJPY is.......>

EURO-YEN TECHS
EURO-YEN TECHS: Strong Yen Dominates
EURJPY is testing yesterday's lows after failing to sustain the recovery of the
124 level. A break below yesterday's low would target a run at the 123.00 level,
below which would open the Jan 3 lows. Bulls need to recover 124 on a closing
basis before targeting Monday's high at 124.30. A topside break of 125.00 puts
the focus back on the 125.30-60 zone which holds the 100-dma, 50% retracement of
the Apr fall & previous series of highs.

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