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Directionless For Now *RES 4:........>

EURO-YEN TECHS
EURO-YEN TECHS: Directionless For Now
*RES 4: 121.88 High Jan 23
*RES 3: 121.27/40 2.0% Upper Bollinger Band / High Feb 20
*RES 2: 121.04 High Feb 27
*RES 1: 120.95 High Mar 3
*PRICE: 119.32 @ 16:53 GMT Mar 5
*SUP 1: 118.07 Low Mar 2
*SUP 2: 117.77/85 2.0% 10-dma envelope / 3.0% Lower Bollinger Band
*SUP 3: 117.52 76.4% Sep 2019 - Feb 2020 Rally
*SUP 4: 117.08 Low Oct 3 and 7
EURJPY bounced sharply higher Monday. However, it remains too early still to
tell whether the recovery is a reversal or a correction although, the
directional bias is for now in a more neutral state following the recovery. A
break of 118.07 would open the early October lows at 117.08. Clearance of this
support would pave the way for weakness towards the 2019 low at 115.87. The next
firm resistance is 121.40, the Feb 20 high.

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