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Rebounding *RES 4: 123.36 Jul 1,.....>

EURO-YEN TECHS
EURO-YEN TECHS: Rebounding
*RES 4: 123.36 Jul 1, 2019 high
*RES 3: 122.65 High Dec 13 and bull trigger
*RES 2: 122.50 High Dec 27
*RES 1: 122.02 High Jan 2
*PRICE: 121.50 @ 06:00 GMT Jan 9
*SUP 1: 120.51 Bull channel base drawn off the Sep 3 low
*SUP 2: 120.17 Low Jan 3, 8 and key support
*SUP 3: 119.99 Low Dec 9
*SUP 4: 119.58 Low Nov 25
EURJPY is firmer breaching initial resistance at 121.45, Jan 7 high. Key channel
support continues to hold, despite a test below it in recent sessions. The
channel is drawn off the Sep 3 low and intersects at 120.51. Gains off recent
intraday lows are encouraging for bulls and the break of 121.45 opens the next
hurdle at 122.02, high Jan 2. Clearance of this level would expose 121.68, Dec
13 high and the key bull trigger. Key support lies at 120.17.

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