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Maintains A Bullish Outlook *RES.....>

EURO-YEN TECHS
EURO-YEN TECHS: Maintains A Bullish Outlook
*RES 4: 124.50 Bull channel top drawn off the Sep 3 low
*RES 3: 123.75 High May 21, 2019
*RES 2: 123.36 High Jul 1, 2019
*RES 1: 122.76 High Jan 15
*PRICE: 122.59 @ 05:54 GMT Jan 16
*SUP 1: 121.58 Low Jan 13
*SUP 2: 121.13 Low Jan 9
*SUP 3: 120.76 Bull channel base drawn off the Sep 3 low
*SUP 4: 120.17 Low Jan 3, 8 and key support
EURJPY maintains a bullish outlook and further gains are seen likely near-term.
This follows the recent recovery off the key channel support that remains
intact, despite a test below it between Jan 3 - Jan 8. The channel is drawn off
the Sep 3 low and intersects at 120.76. The cross Tuesday probed 122.65, Dec 13
high. A clear break would pave the way for strength towards 123.36, Jul 1 high
and 124.50, the bull channel top. Support is at 121.58, Jan 13 low.

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