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Moves off ytd low: *RES 4:...........>

EURO-YEN TECHS: Moves off ytd low:
*RES 4: 120.17/21 200-hma/Low Jul 24
*RES 3: 120.05 Low Jul 25
*RES 2: 119.52 Intraday high
*RES 1: 119.37 100-hma
*PRICE: 119.23 @ 02:52 GMT Aug 06
*SUP 1: 118.59 Lower Bollinger Band (2%)
*SUP 2: 117.68 YTD low
*SUP 3: 117.53 Lower Bollinger Band (3%)
*SUP 4: 117.00 Psychological support
EURJPY has extended the recovery off multi-year lows, back through 119.00. Bulls
now look for a move through the Jul 25 low at 120.05. However, the longer-term
downtrend does remain intact with bears focused on the 117.00 level, ahead of
116.47/16 which represents the Apr 21 2017 low & 76.4% retracement of
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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