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Struggles With Close Above 125.......>

EURO-YEN TECHS
EURO-YEN TECHS: Struggles With Close Above 125
Despite two earnest attempts this week, EUR/JPY looks unable to close above the
125 handle for now, which becomes the first target for bulls. A close above here
would generate further upside momentum towards the 50% retracement of
126.81-124.09 & 100-dma at 125.45/47. Bears look to take out the Apr 26 low &
124.00 level to open the 50% retracement of the 2016 lows to the 2018 highs &
March lows at 123.72/66.

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