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Uptrend Support Gives Way EURJPY.....>

EURO-YEN TECHS
EURO-YEN TECHS: Uptrend Support Gives Way
EURJPY took out uptrend support from the Aug low yesterday but the drop failed
to extend below the Dec 4 lows at 127.62. Recovery efforts have so far remained
shallow keeping the focus on the downside. Below 127.62 opens the Oct lows at
126.64. Bulls need to clear broken trendline support-turned-resistance & the
100-dma at 128.92/13 to improve the outlook. Above here opens the 200-dma at
129.65.

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