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Erratic Rally *RES 4: 125.96 50%.....>

EURO-YEN TECHS
EURO-YEN TECHS: Erratic Rally
*RES 4: 125.96 50% 2018 - 2020 sell-off
*RES 3: 124.69 3.0% Upper Bollinger Band
*RES 2: 124.25 High May 7 2019
*RES 1: 123.92 High Jun 04
*PRICE: 123.40 @ 17:06 BST Jun 4
*SUP 1: 121.27 Low Jun 3
*SUP 2: 121.15 High Mar 25
*SUP 3: 119.62 Low Jun 2 and key near-term support
*SUP 4: 118.87 Low May 29
EURJPY's erratic rally extended into another session Thursday, taking out all
near-term resistance levels to maintain the bullish tone. At present, the RSI is
flagging the cross as the most overbought since mid-2017, which suggests further
gains will be hard fought, particularly with prices above both the 1.0% and 2.0%
10-dma envelopes. The Wednesday low at 121.27 serves as initial support.

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