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Rebounds Off Friday's Low *RES 4:....>

EURO-YEN TECHS
EURO-YEN TECHS: Rebounds Off Friday's Low
*RES 4: 125.96 50% retracement of the 2018 - 2020 sell-off
*RES 3: 124.43 High Jun 5 and the bull trigger
*RES 2: 122.61 High Jun 9
*RES 1: 122.12 Intraday high
*PRICE: 121.87 @ 06:10 BST Jun 16
*SUP 1: 121.49 Low Jun 16
*SUP 2: 120.26 Low Jun 12
*SUP 3: 119.62 Low Jun 2
*SUP 4: 119.43 50.0% retracement of the May - Jun rally
EURJPY has staged a recovery off Friday's low. Whether this is a correction or a
resumption of the bull trend remains to be seen. Price action at the beginning
of last week completed a 3-day reversal in candle terms known as an evening
star. This signalled a trend reversal. A break of Friday's 120.26 low would
confirm a resumption of this weakness and open 119.62. Resistance to watch today
is at 122.61, Jun 9 high.

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