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Focus Still On Key Resistance *RES...>

EURO-YEN TECHS
EURO-YEN TECHS: Focus Still On Key Resistance
*RES 4: 110.96 High May 6
*RES 3: 110.50 1.000 projection Aug 26 - Sep 18 rally from Oct 3 low
*RES 2: 109.93 High May 30
*RES 1: 109.73 High Dec 2 and key resistance
*PRICE: 109.53 @ 16:57 GMT Dec 17
*SUP 1: 108.99 Low Dec 13
*SUP 2: 108.43 Low Dec 4 and Low Dec 9
*SUP 3: 108.24 Low Nov 14 and key support
*SUP 4: 107.89 Low Nov 1
USDJPY had a relatively quiet Tuesday but remains bullish. Attention is on the
key near-term resistance at 109.73, Dec 2 high where a break would confirm a
resumption of the uptrend that has been in place since Aug 26. This would open
109.93, May 30 high and also signal potential for gains above 110.00. Momentum
studies remain positive reinforcing current bullish conditions. Key support has
been defined at 108.43.

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