Approaching bear trigger: *RES 4:....>

EURO-YEN TECHS: Approaching bear trigger:

*RES 4: 120.05 Low Jul 25

*RES 3: 119.68 Upper 1.0% 10-dma envelope

*RES 2: 119.75/88 38.2% retracement of Jul-Aug fall / High Aug 06

*RES 1: 119.59 High Aug 13

*PRICE: 117.82 @ 05:06 GMT Aug 16

*SUP 1: 117.52 Low Aug 12 and bear trigger

*SUP 2: 117.26 Bear channel base drawn off the Apr 17 high

*SUP 3: 117.00 Psychological support

*SUP 4: 116.47/12 Low Apr 21 2017 / Lower 2.0% 10-dma envelope

EURJPY is trading at the lower end of this months range and is back under 118.50

to counter Monday's bullish engulfing reversal pattern, which had signalled a

potential shift in sentiment. The underlying bearish trend remains intact and

the focus is back on the key support and bear trigger at 117.52. A break would

open 117.00. Bulls need to recover 119.59, before challenging the Aug 6 high of

119.88 and the psychological 120.00 level.