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EURO-YEN TECHS: Trades Either Side of 125
EURJPY continues to trade around the 125.00 level with bulls looking to clear
the 125.40-60 zone which holds the 100-dma, 50% retracement of the Apr fall &
previous series of highs. A topside break opens a move toward the 126.00/05 area
which has proved hard to overcome. Bears need to take out the Apr 26 low &
124.00 level to return the focus to the 50% retracement of the 2016 lows to the
2018 highs & March lows at 123.72/66.