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Neutral For Now *RES 4: 121.88.......>

EURO-YEN TECHS
EURO-YEN TECHS: Neutral For Now
*RES 4: 121.88 High Jan 23
*RES 3: 121.37/40 2.0% Upper Bollinger Band / High Feb 20
*RES 2: 121.04 High Feb 27
*RES 1: 120.95 High Mar 3
*PRICE: 119.82 @ 06:17 GMT Mar 4
*SUP 1: 118.07 Low Mar 2
*SUP 2: 117.83 3.0% Lower Bollinger Band / 2.0% 10-dma envelope
*SUP 3: 117.52 76.4% Sep 2019 - Feb 2020 Rally
*SUP 4: 117.08 Low Oct 3 and 7
EURJPY bounced sharply higher Monday. It remains too early still to determine
whether the recovery is a reversal or a correction although, the directional
bias is in a more neutral state following the recovery. A break of 118.07 would
open the early October lows at 117.08. Clearance of this support would pave the
way for weakness towards the 2019 low at 115.87. The next firm resistance is
121.40, the Feb 20 high.

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