Range-Bound *RES 4: 122.32 High......>

EURO-YEN TECHS: Range-Bound

*RES 4: 122.32 High Jul 10

*RES 3: 122.09 200-DMA

*RES 2: 121.68/87 50% of Mar 4 - Sep 3 decline / Channel top drawn off Sep 3 low

*RES 1: 121.48 High Oct 21

*PRICE: 120.82 @ 18:31 GMT Nov 5

*SUP 1: 120.29 Low Oct 31

*SUP 2: 120.01 High Sep 13 and former breakout level

*SUP 3: 119.75 Low Oct 16

*SUP 4: 119.12 Low Oct 15

EURJPY is essentially unchanged today. The failure to clear resistance last week

at 121.48 suggests the cross still remains vulnerable near-term and is likely to

retrace / correct lower within its bull channel drawn off Sep 3 low. The cross

stalled at the channel top mid-Oct. A move lower would expose the 120.01 handle

and open 119.12. On the upside, clearance of the 121.48 resistance is needed to

negate the above and resume the uptrend.