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Bullish Within Its Channel *RES 4:...>

EURO-YEN TECHS
EURO-YEN TECHS: Bullish Within Its Channel
*RES 4: 124.40 Bull channel top drawn off the Sep 3 low
*RES 3: 123.75 High May 21, 2019
*RES 2: 123.36 High Jul 1, 2019
*RES 1: 122.76 Intraday high
*PRICE: 122.48 @ 16:31 GMT Jan 14
*SUP 1: 121.58 Low Jan 13
*SUP 2: 121.13 Low Jan 9
*SUP 3: 120.66 Bull channel base drawn off the Sep 3 low
*SUP 4: 120.17 Low Jan 3, 8 and key support
EURJPY rallied sharply higher Monday and maintains a firmer tone. A bullish
theme follows last week's gains that saw key channel support remain intact,
despite a test below it between Jan 3 -Jan 8. The channel is drawn off the Sep 3
low and intersects at 120.66. The cross today probed 122.65, Dec 13 high. A
clear break would pave the way for strength towards 123.36, Jul 1 high and
124.40, the bull channel top. Support is seen at 121.58, Monday's low.

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