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Looking for a channel breakout:......>

EURO-YEN TECHS
EURO-YEN TECHS: Looking for a channel breakout:
*RES 4: 120.65 100-dma
*RES 3: 120.71 High Aug 1
*RES 2: 120.01 High Sep 13 and the bull trigger
*RES 1: 119.45 Channel resistance drawn off Apr 17 high
*PRICE: 118.74 @ 04:51 GMT Sep 23
*SUP 1: 118.46 Low Sep 20
*SUP 2: 117.56 Low Sep 12 and key near-term support
*SUP 3: 117.28 Low Sep 5
*SUP 4: 116.13 Low Sep 4
EURJPY has still not managed to clear bear channel resistance, that today
intersects at 119.45. To confirm the next leg higher and a resumption of this
month's up-trend, a clear channel breakout is required. The focus is the high of
Sep 13 at 120.01, the bull trigger. A break would represent a key technical
development, clearing the channel top and confirm a trend reversal. The key
near-term support lies at 117.56, Sep 12 low.

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