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Bear trigger in view: *RES 4:........>

EURO-YEN TECHS: Bear trigger in view:
*RES 4: 120.05 Low Jul 25
*RES 3: 119.75/88 38.2% retracement of Jul-Aug fall / High Aug 06
*RES 2: 119.69 Upper 1.0% 10-dma envelope
*RES 1: 119.59 High Aug 13
*PRICE: 117.98 @ 04:23 GMT Aug 19
*SUP 1: 117.52 Low Aug 12 and bear trigger
*SUP 2: 117.12 Bear channel base drawn off the Apr 17 high
*SUP 3: 117.00 Psychological support
*SUP 4: 116.47/14Low Apr 21 2017 / Lower 2.0% 10-dma envelope
No change in EURJPY as the cross trades at the lower end of this months range
and back under 118.50 to counter last Monday's bullish engulfing reversal
pattern, which had signalled a potential shift in sentiment. The underlying
bearish trend remains intact and the focus is 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.

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