Approaching Major Resistance *RES....>

EURO-YEN TECHS: Approaching Major Resistance

*RES 4: 125.49 0.618 projection of the May 6 - Jun 5 from Jun 22 low

*RES 3: 125.23 High May 1, 2019

*RES 2: 124.66 2.0% 10-dma envelope and High May 3, 2019

*RES 1: 124.43 High Jun 5 and key resistance

*PRICE: 124.13 @ 06:16 BST Jul 23

*SUP 1: 123.06 Low Jul 22

*SUP 2: 122.47 Low Jul 21

*SUP 3: 121.82 Low Jul 15 and 16

*SUP 4: 121.84 20-day EMA

EURJPY started the week on a firm note and maintains this tone as the cross

trades higher. A bullish theme remains intact. Last week, the cross traded above

resistance at 122.50, Jul 15 and 16 high. The move higher confirmed a resumption

of the current bullish cycle that has been in place since Jun 22. With the

124.00 handle cleared, attention is on the key resistance at 124.43, Jun 5 high.

A break would confirm fresh 2020 highs. Support lies at 123.06.