Finds Resistance *RES 4: 119.04......>

EURO-YEN TECHS: Finds Resistance

*RES 4: 119.04 High Apr 7

*RES 3: 118.82 High Apr 13

*RES 2: 118.58 61.8% retracement of the Mar 25 - May 6 sell-off

*RES 1: 118.52 High May 21

*PRICE: 117.42 @ 05:54 BST May 22

*SUP 1: 117.03 Low May 19

*SUP 2: 116.85 High May 12

*SUP 3: 115.30/33 Low May 11 / Low May 14 and key support

*SUP 4: 114.43 Low May 6 and bear trigger

EURJPY found resistance at yesterday's 118.52 high. The pullback is likely a

correction though with a bullish outlook intact. The cross rallied Tuesday and

has this week breached 117.78, Apr 30 high reversing the recent bearish tone.

This signals scope for a climb towards 118.82, Apr 13 high and 119.04, the Apr 7

high. On the downside, initial support is at Tuesday's 117.03 low, a break would

dent bullish sentiment. Major support is 115.33, May 14 low.