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Further Gains Likely Within The......>

EURO-YEN TECHS
EURO-YEN TECHS: Further Gains Likely Within The Channel
*RES 4: 124.40 Bull channel top drawn off the Sep 3 low
*RES 3: 123.75 High May 21, 2019
*RES 2: 123.36 High Jul 1, 2019
*RES 1: 122.76 High Jan 15
*PRICE: 122.38 @ 05:49 GMT Jan 15
*SUP 1: 121.58 Low Jan 13
*SUP 2: 121.13 Low Jan 9
*SUP 3: 120.71 Bull channel base drawn off the Sep 3 low
*SUP 4: 120.17 Low Jan 3, 8 and key support
EURJPY found some resistance yesterday however despite this, a bullish outlook
remains intact. This follows last week's gains that saw key channel support
remain intact, despite a test below it between Jan 3 - Jan 8. The channel is
drawn off the Sep 3 low and intersects at 120.71. The cross yesterday probed
122.65, Dec 13 high. A clear break would pave the way for strength towards
123.36, Jul 1 high and 124.45, the bull channel top. Support is at 121.58.

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