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Looking For Gains *RES 4: 122.61.....>

EURO-YEN TECHS
EURO-YEN TECHS: Looking For Gains
*RES 4: 122.61 High Jun 9
*RES 3: 122.47 61.8% retracement of the Jun 5 - 22 downleg
*RES 2: 122.12 High Jun 16 and key near-term resistance
*RES 1: 121.87 1.0% 10-dma envelope
*PRICE: 121.40 @ 10:44 BST Jul 6
*SUP 1: 120.61 Low Jul 3
*SUP 2: 120.26 Low Jul 1
*SUP 3: 119.81 Low Jun 26
*SUP 4: 119.31 Low Jun 22 and the bear trigger
EURJPY maintains a firmer tone and has started today's session on a strong note.
A bullish theme remains intact following the Jun 29 breach of resistance at
121.10, Jun 23 high. The break higher confirmed a positive price sequence of
higher highs and higher lows signalling scope for a climb towards 122.12 next,
Jun 16 high and the next key hurdle for bulls. On the downside, a move below
119.81, Jun 26 low would dent the bullish theme.

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