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Downside Pressure Likely To..........>

EURO-YEN TECHS: Downside Pressure Likely To Dominate
*RES 4: 119.71 High Mar 31
*RES 3: 118.87/119.04 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: 117.19 @ 06:04 BST Apr 20
*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 is still likely to dominate following the move lower
last week. This has exposed both the April and March lows and keeps the outlook
very fragile indeed. Furthermore, a bearish theme follows the recent failure at
119.04, Apr 7 high. Price needs to clear 119.04 to trigger a resumption of
strength and open 119.71, Mar 31 high. Key support levels to watch are 116.35
and the 2019 low of 115.87.

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