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Firm Following Break Of Resistance...>

EURO-YEN TECHS: Firm Following Break Of 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: 118.20 High May 19
*PRICE: 117.90 @ 05:57 BST May 20
*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 rallied sharply higher again Tuesday breaking above key resistance at
117.78, Apr 30 high. The breach of this level reverses the recent bearish theme
and instead 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
while major support has been defined at 115.33, the May 14 low. Bullish!

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