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Bulls In Charge *RES 4: 121.63.......>

EURO-YEN TECHS
EURO-YEN TECHS: Bulls In Charge
*RES 4: 121.63 200-DMA
*RES 3: 121.48 High Oct 21 and bull trigger
*RES 2: 121.11 High Nov 7
*RES 1: 120.93 Intraday high
*PRICE: 120.81 @ 06:04 GMT Dec 2
*SUP 1: 120.06 Low Nov 27
*SUP 2: 119.58 Low Nov 25
*SUP 3: 119.25 Low Nov 14 and bear trigger
*SUP 4: 119.10 Bear channel base drawn off the Sep 3 low
EURJPY has started the week on a positive note edging higher overnight in Asia.
A bullish outlook is maintained following last week gains that saw prices trade
above former resistance at 120.69, Nov 18 high. This activity reinforces the
importance of the Nov 15 candle pattern, a bullish engulfing reversal that
signalled a reversal at 119.25 on Nov 14. The focus is on a climb towards
121.48, Oct 21 high. Initial support lies at 120.06, Nov 27 low.

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