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Bears eye 120.00: *RES 4: 122.54.....>

EURO-YEN TECHS
EURO-YEN TECHS: Bears eye 120.00:
*RES 4: 122.54 High Jul 2
*RES 3: 122.32 High Jul 10
*RES 2: 121.75/85 50-dma / High Jul 15
*RES 1: 121.38 High Jul 25 and Jul 30
*PRICE: 120.64 @ 03:53 GMT Aug 01
*SUP 1: 120.05 Low Jul 25
*SUP 2: 120.00/119.68 Psychological round number/3% Lower Bollinger Band
*SUP 3: 119.64 Lower 1.0% 10-dma envelope
*SUP 4: 118.71 YTD low
Bears look for a clean break below 120.00, which would allow them to focus on
118.71, the YTD low. A move back above 121.38, on the other hand, would open the
50-dma at 121.75.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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