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

EURO-YEN TECHS: Recovers Off Friday's Low

*RES 4: 118.82 High Apr 13

*RES 3: 118.58 61.8% retracement of the Mar 25 - May 6 sell-off

*RES 2: 118.52 High May 21

*RES 1: 117.98 High May 22

*PRICE: 117.77 @ 05:49 BST May 26

*SUP 1: 117.00 Low May 22

*SUP 2: 116.85 High May 12

*SUP 3: 115.30/33 Low May 11 / Low May 14 and key support

*SUP 4: 114.43 Low May 6 and bear trigger

EURJPY found resistance at Thursday's 118.52 high and remained under pressure

into the Friday close. The pullback though is considered a correction and the

cross is firmer today. Last week price breached 117.78, Apr 30 high reversing a

recent bearish tone. This opens 118.82, Apr 13 high and 119.04, the Apr 7 high.

Initial support is Friday's 117.00 low, a break of this level would dent bullish

sentiment. Major support is 115.33, May 14 low.