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Approaching Major Resistance *RES....>

EURO-YEN TECHS
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: 124.99/66 2.0% 10-dma envelope / High May 3, 2019
*RES 1: 124.43 High Jun 5 and key resistance
*PRICE: 124.18 @ 16:51 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 is holding onto this week's gains with bulls firmly in control. The cross
is trading close to the next major resistance at 124.43, Jun 5 high. A break of
this hurdle would reinforce current bullish conditions and also confirm fresh
highs for the year. This would open 124.66, 2.0% 10-dma envelope and 125.23, May
1 2019 high. On the downside, support lies at 123.06, the Wednesday low.

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