Pivot Intraday Support At 117.00.....>

EURO-YEN TECHS: Pivot Intraday Support At 117.00

*RES 4: 118.82 High Apr 13

*RES 3: 118.58 61.8% retracement of the Mar 25 - May 6 sell-off

*RES 2: 118.52 High May 21 and the bull trigger

*RES 1: 118.34 High May 26

*PRICE: 118.29 @ 10:36 BST May 27

*SUP 1: 117.00 Low May 22

*SUP 2: 116.85 High May 12

*SUP 3: 115.30/33 Low May 11 / Low May 14 and key support

*SUP 4: 114.43 Low May 6 and bear trigger

EURJPY traded higher yesterday extending the recent bounce off 117.00, May 22

low. The rebound reinforces a bullish outlook with the focus on the key

short-term bull trigger at 118.52, May 21 high. A break would confirm a

resumption of the current uptrend and pave the way for strength towards 118.82,

Apr 13 high and 119.04, the Apr 7 high. Initial firm support has been defined at

Friday's 117.00 low, the outlook is bullish while this level holds.