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Stuck Between a Fibo and a Moving....>

EURO-YEN TECHS
EURO-YEN TECHS: Stuck Between a Fibo and a Moving Average
EURJPY broke out of its two-week range to the downside Thursday, briefly
breaking below 128.50 (38.2% retracement from 2012 lows to 2014 highs). Friday
saw EURJPY move higher but failed to break back above the 100-dma at 129.52.
Bulls need to recover 130.00 to set up a run at the double-top resistance area &
200-dma at 130.50/69. A break opens the 50% fibo of the 2018 range at 131.06.
Bears need to break below the Sep 10 low at 127.87.

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