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Bullish Theme Remains In Place.......>

EURO-YEN TECHS
EURO-YEN TECHS: Bullish Theme Remains In Place
*RES 4: 123.25 38.2% retracement 2018 - 2020 decline
*RES 3: 122.87 High Jan 16 and major resistance
*RES 2: 122.75 3.0% 10-dma envelope
*RES 1: 122.62 High Jun 03
*PRICE: 122.04 @ 10:44 BST Jun 4
*SUP 1: 121.27 Low Jun 3
*SUP 2: 121.15 High Mar 25
*SUP 3: 119.62 Low Jun 2 and key near-term support
*SUP 4: 118.87 Low May 29
EURJPY maintains an impulsive bullish tone despite today's pullback. The cross
has this week cleared the late March highs with attention now on 122.87, the Jan
16 high and a major resistance. At present, the RSI is flagging the cross as the
most overbought since mid-2017, which suggests further gains will be hard
fought, particularly with prices above both the 1.0% and 2.0% 10-dma envelopes.
Yesterday's low of 121.27 marks an initial support.

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