Holding Onto Gains *RES 4: 119.04....>

EURO-YEN TECHS: Holding Onto Gains

*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 / 20

*PRICE: 118.05 @ 16:27 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 Tuesday and prices held their ground for much of

the Wednesday session. 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!