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Bullish Focus *RES 4: 122.80 1.382...>

EURO-YEN TECHS
EURO-YEN TECHS: Bullish Focus
*RES 4: 122.80 1.382 projection of Sep 3 - Sep 13 rally from Oct 3 low
*RES 3: 122.32 High Jul 7
*RES 2: 121.37/48 200-day MA / High Oct 21 and bull trigger
*RES 1: 121.02 High Dec 2
*PRICE: 120.98 @ 06:04 GMT Dec 12
*SUP 1: 119.99 Low Dec 9
*SUP 2: 119.58 Low Nov 25
*SUP 3: 119.50/25 Channel base drawn off the Sep 3 low / Low Nov 14
*SUP 4: 118.73 Low Oct 11
EURJPY maintains a bullish outlook and is edging higher. A positive theme has
been in place since Nov 14. Price action has established a bullish sequence of
higher highs and higher lows with moving average studies reinforcing a rising
trend condition. The focus is on 121.48, Oct 21 high with 121.02, Dec 2 high the
first bull trigger. Initial support is at 119.99, Dec 9 low ahead of 119.58, Nov
25 low.

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