Inside session: *RES 3: 120.81.......>

EURO-YEN TECHS: Inside session:

*RES 3: 120.81 100-dma

*RES 2: 120.71 High Aug 1

*RES 1: 119.65/120.01 Bear channel resistance / High Sep 13

*PRICE: 119.57 @ 19:33 GMT Sep 18

*SUP 1: 118.69 Low Sep 16

*SUP 2: 117.56 Low Sep 12 and key near-term support

*SUP 3: 117.28 Low Sep 5

EURJPY recovered Tuesday and held much of the gains early Wednesday, challenging

the key bear channel resistance at 119.65, but not managing to cement a break.

To confirm the next leg higher and a resumption of this month's up-trend, a

clear channel breakout is required. The focus is on Friday's 120.01 high, the

short-term bull trigger. A break would represent a key technical development,

clearing the channel top and confirming a more convincing trend reversal.

Support for now has been defined at Monday's 118.69 low.