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Needle Still Points South *RES 4:....>

EURO-YEN TECHS
EURO-YEN TECHS: Needle Still Points South
*RES 4: 117.94 High Apr 14
*RES 3: 117.50 High Apr 16
*RES 2: 117.08/22 20-day EMA / High Apr 22 and key resistance
*RES 1: 116.51 High Apr 27
*PRICE: 116.03 @ 10:33 BST Apr 30
*SUP 1: 115.45 Low Apr 29
*SUP 2: 115.37 0.765 projection of Mar 25 - Apr 2 decline from Apr 7 high
*SUP 3: 115.00 Round number support
*SUP 4: 114.85 Apr 2017 low
EURJPY traded to a fresh low print of 115.45 yesterday and remains vulnerable
following last week's sell-off and break of major support at 115.87, Sep 3 2019
low and the year low. The break reinforces the current bearish theme and also
represents an important technical breach, clearing the way for a move towards
115.37, a Fibonacci projection and 114.85, the Apr 2017 low. On the upside,
116.51, Apr 27 high marks initial resistance.

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