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Rare Inside Session *RES 4: 120.95...>

EURO-YEN TECHS
EURO-YEN TECHS: Rare Inside Session
*RES 4: 120.95 High Mar 3
*RES 3: 120.19 50-day EMA
*RES 2: 120.00 High Mar 5
*RES 1: 119.49 High Mar 10
*PRICE: 118.18 @ 16:55 GMT Mar 11
*SUP 1: 116.81 ow Mar 10
*SUP 2: 116.13 Low Mar 9 / Sep 4
*SUP 3: 115.87 Low Sep 3 and major support
*SUP 4: 115.32 1.382 projection of Jan 16 - Feb 18 move from Feb 20 high
EURJPY resumed its bearish theme earlier this week, breaking sharply lower as
risk aversion spiked once again. Tuesday initially saw a sharp reversal as JPY
came under pressure before reversing to unwind all of Monday's sell-off. This
has kept attention on resistance at 119.49, the Tuesday high. A break would
signal scope for additional gains towards 120.00 initially, Mar 5 high. Key
support has been defined at Monday's 116.13 low. Volatile.

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