Bears still in charge: *RES 4:.......>

EURO-YEN TECHS: Bears still in charge:

*RES 4: 119.59 High Aug 13

*RES 3: 119.29 High Aug 14

*RES 2: 118.48 High Aug 19 and key near-term resistance

*RES 1: 118.20 High Aug 26

*PRICE: 117.41 @ 15:52 GMT Aug 27

*SUP 1: 116.57 Low Aug 26 and YTD low

*SUP 2: 116.00 Psychological support

*SUP 3: 115.02 1.382 projection of Apr 17 - Jun 3 decline from Jul 1 high

*SUP 4: 114.85 Low Apr 17 2017

EURJPY struck a fresh low at 116.57 Monday. This confirms a resumption of the

downtrend with the price sequence of lower lows and lower highs continuing to

dominate. The bearish outlook comes despite the intraday bounce Monday which is

still being retraced. 118.48 is initial resistance. To the downside, the focus

is on 116.00 with the trigger for fresh weakness at 116.57. Further out, the Apr

2017 low 114.85 is likely to attract.