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Decent reversal: *RES 3: 123.17......>

EURO-YEN TECHS
EURO-YEN TECHS: Decent reversal:
*RES 3: 123.17 High Jun 11 and key resistance
*RES 2: 122.56 High Jun 13
*RES 1: 122.07 20-day EMA
*PRICE: 121.30 @ 15:53 GMT June 20
*SUP 1: 121.07 Low Jun 18
*SUP 2: 121.03 2.0% Lower Bollinger Band
*SUP 3: 120.78 Low Jun 3
After shooting higher through Asia-Pacific and European hours, EURJPY staged a
decent reversal in the US session, returning toward the bottom of the recent
range and keeping pressure on 121.07, the week's lows. This keeps the underlying
trend conditions overall bearish so the risk at this stage is still skewed to
the downside. Bearish targets hold at 120.78 and a breach of this level would
signal another downleg for the cross. Initial resistance comes in at the 122.07
level.

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