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Pushing lower: *RES 4: 120.43........>

EURO-YEN TECHS
EURO-YEN TECHS: Pushing lower:
*RES 4: 120.43 100-dma
*RES 3: 120.01 High Sep 13 and the bull trigger
*RES 2: 119.19 Channel resistance drawn off Apr 17 high
*RES 1: 118.56 High Sep 24
*PRICE: 117.64 @ 04:34 GMT Sep 27
*SUP 1: 117.45 Intraday low and 61.8% Sep3 - Sep13 rally
*SUP 2: 117.28 Low Sep 5
*SUP 3: 116.85 76.4% retracement Sep3 - Sep13 rally
*SUP 4: 116.13 Low Sep 4
EURJPY remains softer this week with a fresh low print overnight in Asia. A
failure recently to clear bear channel resistance drawn off the Apr 17 high
continues to weigh on sentiment. 117.56 support, Sep 12 low has been breached &
this signals the potential for a deeper move lower towards the Sep 3 low of
115.87, the next key support. On the upside, a break of channel resistance at
119.19 today & of resistance at 120.01 is still the requirement for a reversal.

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