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Taking Out Resistance Levels ........>

EURO-YEN TECHS
EURO-YEN TECHS: Taking Out Resistance Levels 
EURJPY's recovery remains intact with the close above 128.50 opening up a run at
the 128.93 50-dma. The Aug 9 high at 129.01 lies ahead of this and any move
above here strengthens the case for an extended recovery towards the 100-dma &
Aug 7 high at 129.67/74. On the downside, failure to hold 126.50 returns the
focus to 125.58, below here would give bears the ST advantage and put focus
squarely at the 125.29 Aug 16 low.

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