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Bearish Theme Resumes *RES 4:........>

EURO-YEN TECHS
EURO-YEN TECHS: Bearish Theme Resumes
*RES 4: 120.95 High Mar 3
*RES 3: 120.13 High Mar 4
*RES 2: 119.23 Intraday high
*RES 1: 118.07 Low Mar 2 and former breakout level
*PRICE: 117.04 @ 16:44 GMT Mar 9
*SUP 1: 116.13 Low Mar 9 / Sep 4
*SUP 2: 115.87 Low Sep 3 and major support
*SUP 3: 115.32 1.382 projection of Jan 16 - feb 18 move from Feb 20 high
*SUP 4: 114.85 Low 2017
EURJPY resumed its bearish theme Monday, breaking sharply lower overnight in the
Asia session as risk aversion spiked once again. The break of former support at
118.07, Mar 2 low has resulted in a breach of key support at 117.08, the Oct 3
and 7 low. This sets the scene for a test of the major support at 115.87, the
Sep 3 low. On the upside, initial resistance is seen at 118.07, the Mar 2 low.
Heavy!

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