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EURO-YEN TECHS: Recovery Extends
*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: 122.42 Intraday high
*PRICE: 122.38 @ 16:20 GMT Jan 13
*SUP 1: 121.52 Low Jan 10
*SUP 2: 121.13 Low Jan 9
*SUP 3: 120.61 Bull channel base drawn off the Sep 3 low
*SUP 4: 120.17 Low Jan 3, 8 and key support
EURJPY maintains a firmer tone following last week's gains that saw key channel
support remain intact, despite a test below it between Jan 3 -Jan 8. The channel
is drawn off the Sep 3 low and intersects at 120.61 Monday. The recovery off
recent intraday lows is encouraging for bulls and today the cross has cleared
resistance at 122.02, high Jan 2. This exposes 122.65, the Dec 13 high and the
key bull trigger. 121.52 is support.