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All Eyes On 120.01 Bull Trigger:.....>

EURO-YEN TECHS: All Eyes On 120.01 Bull Trigger:
*RES 4: 121.38 High Jul 25/31
*RES 3: 120.77/95 Low Jun 3 and Jun 21
*RES 2: 120.00/120.01 High Oct 11 / High Sep 13 and bull trigger
*RES 1: 119.86 100-DMA
*PRICE: 119.47 @ 04:55 GMT Oct 15
*SUP 1: 118.73 Low Oct 11
*SUP 2: 118.41 Former channel top drawn off Apr 17 high
*SUP 3: 117.58 Low Oct 10
*SUP 4: 117.08 Low Oct 3 and Oct 7
EURJPY maintains a bullish outlook following last weeks gains with the focus on
a test of the key resistance at 120.01. This is the Sep 13 high and key bull
trigger. A break would confirm a trend reversal to bullish and, further
reinforce the bullish significance of the recent breach of channel resistance
drawn off the Apr 17 high. A break of 120.01 would open 120.77 and 120.95. On
the downside, the former channel top now offers support at 118.41.

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