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Recovers off ytd low: *RES 4:........>

EURO-YEN TECHS: Recovers off ytd low:
*RES 4: 120.05 Low Jul 25
*RES 3: 119.79 100-hma
*RES 2: 118.96 Lower 1.0% 10-dma envelope
*RES 1: 118.51/59 Intraday high/Lower Boll Band (2%)
*PRICE: 118.05 @ 09:01 GMT Aug 05
*SUP 1: 117.68 Intraday/YTD low
*SUP 2: 117.48 Lower Bollinger Band (3%)
*SUP 3: 117.00 Psychological support
*SUP 4: 116.47 Low Apr 21, 2017
EURJPY breached 118.00 with the downtrend extending to fresh ytd lows of 117.68.
The underlying bearish trend remains intact with downside focus on the 117.00
level, ahead of 116.47/16 which represents the Apr 21 2017 low & 76.4%
retracement of 109.57-137.50. Bulls look to build a base before considering
higher levels but, for now, momentum is against them.

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