Tuesday’s break back above 1.2725 and subsequent close above 1.2700 should be concerning for bears, with the market negating a bearish outside day formation from the previous week and also breaching downtrend resistance off of the early December 2009 highs

EUR/JPY Sell Recommendation Issued @138.50; Stop 140.10 (Recommendation to be Removed if Not Triggered by Friday NY Close)