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Clears Channel Resistance: *RES 4:...>

EURO-YEN TECHS
EURO-YEN TECHS: Clears Channel Resistance:
*RES 4: 120.01 High Sep 13 and the bull trigger
*RES 3: 119.91 100-dma
*RES 2: 119.38 High Sep 20
*RES 1: 119.03 Intraday high
*PRICE: 118.97 @ 03:45 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
*SUP 4: 116.85 76.4% retracement Sep 3 - Sep 13 rally
EURJPY rallied yesterday to clear the 118.61 channel resistance, improving the
near-term outlook for bulls. This shifts upside targets to resistance at 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.

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