Clears Bullish Path: *RES 3:.........>

EURO-YEN TECHS: Clears Bullish Path:

*RES 3: 120.01 High Sep 13 and the bull trigger

*RES 2: 120.00 High Oct 11

*RES 1: 119.89 100-DMA

*PRICE: 119.82 @ 16:00 GMT Oct 11

*SUP 1: 118.54 Former channel top drawn off the Apr 17 high

*SUP 2: 117.58 Low Oct 10

*SUP 3: 117.08 Low Oct 3 and Oct 7

Upside in the cross extended into a second session, with EURJPY clearing a

decent bullish path to stage a test on 120.00. Topping 118.61 channel resistance

improves the near-term outlook and shifts upside targets to 120.01, Sep 13 high.

This level remains a key pivot point and a break is required to confirm a

reversal to bullish. On the downside, the former channel top now offers support

at 118.54 and would be expected to limit any intraday pullback. A move back into

the channel would expose 117.08.