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EURO-YEN TECHS: Corrective Bounce
*RES 4: 117.78 High Apr 30 and bull trigger
*RES 3: 117.31 High May 4
*RES 2: 116.57 High May 5
*RES 1: 116.44 20-day EMA
*PRICE: 115.95 @ 06:14 BST May 11
*SUP 1: 115.03 Low May 8
*SUP 2: 114.43 Low May 6 and bear trigger
*SUP 3: 113.87 1382 projection of the Feb 20 - Mar 9 decline from Mar 25
*SUP 4: 113.73 Low Nov 9, 2016
EURJPY managed last week to find support at 114.43, May 6 low and continues to
push higher. For now, these gains are considered corrective with the broader
outlook still bearish. The cross last week traded at levels last seen in Nov
2016 and also cleared an important support at 115.45, Apr 29 low to confirm a
resumption of the primary downtrend. Next resistance is at 116.57, May 5 high.