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Firmer again: *RES 4: 119.98 Bear....>

EURO-YEN TECHS
EURO-YEN TECHS: Firmer again:
*RES 4: 119.98 Bear channel top drawn of the Apr 17 high and key resistance
*RES 3: 119.88 High Aug 6
*RES 2: 119.35/59 50-DMA / High Aug 13
*RES 1: 119.29 High Aug 14
*PRICE: 119.08 @ 04:29 GMT Sep 12
*SUP 1: 118.27 Low Sep 11 and key intraday support
*SUP 2: 117.73 Low Sep 9
*SUP 3: 117.28 Low Sep 5
*SUP 4: 115.87 Low Sep 3 and key support
EURJPY retraced yesterday but did find support at 118.30 and is climbing once
again. Bullish conditions remain in place with momentum studies firm and recent
gains highlighting a bullish turn in shorter-term moving average studies. The
focus remains on 119.59 and 119.88, Aug 13 and Aug 6 highs respectively ahead of
the bear channel top at 119.91. This is drawn off the Apr 17 high and represents
a key resistance. 118.27 marks initial support.

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