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Closed Friday Above The 200-DMA......>

EURO-YEN TECHS
EURO-YEN TECHS: Closed Friday Above The 200-DMA
*RES 4: 121.15 Mar 25 High
*RES 3: 120.47 2.0% 10-dma envelope
*RES 2: 120.23 Mar 30 High
*RES 1: 119.98 Intraday High
*PRICE: 119.68 @ 09:51 BST Jun 1
*SUP 1: 118.87 Low May 29
*SUP 2: 117.71 Low May 27
*SUP 3: 117.61/56 50- and 20-day EMA
*SUP 4: 117.00 Low May 22 and key near-term support
EURJPY went from strength to strength last week, clocking five consecutive
sessions of gains and topping the 200-dma in the process. The close above the
average is the first since late March and reinforces the bullish outlook.
Attention is on the late March highs at 120.23 as the next major upside target.
A break would open 121.15, Mar 25 high. Initial support is seen at Friday's low
of 118.87, May 29 low.

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