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Bullish Focus *RES 4: 121.15 Mar.....>

EURO-YEN TECHS
EURO-YEN TECHS: Bullish Focus
*RES 4: 121.15 Mar 25 High
*RES 3: 120.74 2.0% 10-dma envelope
*RES 2: 120.23 Mar 30 High
*RES 1: 119.98 High Jun 1
*PRICE: 119.85 @ 06:04 BST Jun 2
*SUP 1: 118.87 Low May 29
*SUP 2: 117.71 Low May 27
*SUP 3: 117.78/70 20- and 50-day EMA
*SUP 4: 117.00 Low May 22 and key near-term support
EURJPY maintains a bullish bias and holds onto recent gains. The cross has
recently cleared the 200-dma and closed above reinforcing bullish conditions.
The close above the average is the first since late March and reinforces the
bullish outlook. Attention is on the late March highs at 120.23 as the next
major upside target. A break would open 121.15, Mar 25 high. Initial support is
seen at Friday's low of 118.87, May 29 low.

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