Downside Pressure Dominates *RES.....>

EURO-YEN TECHS: Downside Pressure Dominates

*RES 4: 119.71 High Mar 31

*RES 3: 119.00/04 50-dma / High Apr 1 and key near-term resistance

*RES 2: 118.82 High Apr 13

*RES 1: 117.94 High Apr 14

*PRICE: 117.10 @ 06:10 BST Apr 17

*SUP 1: 116.56 Low Apr 16

*SUP 2: 116.35 Low Apr 02 and bear trigger

*SUP 3: 116.13 Low Mar 9 and key support

*SUP 4: 115.87 Low 2019 and multi-year low

EURJPY downside pressure dominates and the cross traded through the 117.00

handle yesterday to hit levels not seen since Apr 02. This exposes both the

April and March lows and keeps the outlook very fragile indeed. A bearish theme

follows last week's failure at 119.04, Apr 7 high which is where the cross

stalled. Price needs to clear 119.04 to trigger a resumption of strength and

open 119.71, Mar 31 high. Key support is at 116.35 and the 2019 low of 115.87.