Positive within the channel: *RES....>

EURO-YEN TECHS: Positive within the channel:

*RES 4: 119.88 High Aug 6

*RES 3: 119.54/69 50-dma / 2.0% 10-dma envelope

*RES 2: 119.59 High Aug 13

*RES 1: 118.61 High Sep 5 and bull trigger

*PRICE: 118.05 @ 09:31 BST Sep 9

*SUP 1: 117.28 Low Sep 5

*SUP 2: 116.13/115.87 Low Sep 4 / Low Sep 3

*SUP 3: 115.02 1.382 projection of Apr 17 - Jun 3 decline from Jul 1 high

*SUP 4: 114.85/99 Low Apr 2017 / 2.0% 10-dma envelope

EURJPY is expected to maintain a positive outlook and extend gains within its

bear channel boundaries. In terms of some initial bullish signals, an engulfing

candle formation on Sep 4 and the subsequent extension higher the following day

highlights a developing short-term positive tone. Furthermore, the existence of

bullish divergence between price and momentum is constructive. A move above

118.61 would open 119.59. Support is at 117.28.