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Key Resistance Topples *RES 4:.......>

EURO-YEN TECHS
EURO-YEN TECHS: Key Resistance Topples
*RES 4: 123.25 38.2% retracement 2018 - 2020 decline
*RES 3: 122.87 High Jan 16
*RES 2: 121.88 High Jan 23
*RES 1: 121.63 High Jun 02
*PRICE: 121.33 @ 17:05 BST Jun 2
*SUP 1: 119.62 Intraday low
*SUP 2: 118.87 Low May 29
*SUP 3: 117.71 Low May 27
*SUP 4: 117.78/70 20- and 50-day EMA
The cross took out late March highs as JPY slipped across the board, firming
materially the outlook for the cross. Having already cleared the 200-dma and
closed above it, conditions improved further on the break of the late March and
late February highs. 121.88 and 122.87 are now the levels to watch. Initial
support lies at 119.62, the Tuesday low ahead of Friday's 118.87.

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