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With the path of least resistance....>

EURO-YEN TECHS
EURO-YEN TECHS: With the path of least resistance in EURJPY still up:
- It is worth remembering that the objective for this bull leg is the top of the
channel that has effectively determined both the upper and lower ends of the
various cycles that have unfolded since Sep 3. 
- The channel top currently intersects at 124.50. 
- This is not an objective of course for today but remains the objective for the
current bull leg. 
- The cross has managed to hold onto its most recent gains over the past
2-sessions and edge higher. 
- Initial support for now lies at 122.19 and 121.58.

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