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Remains Heavy *RES 4: 124.43 High....>

EURO-YEN TECHS
EURO-YEN TECHS: Remains Heavy
*RES 4: 124.43 High Jun 5 and the bull trigger
*RES 3: 122.61 High Jun 9
*RES 2: 122.12 High Jun 16 and key near-term resistance
*RES 1: 121.23 High Jun 17
*PRICE: 119.82 @ 06:10 BST Jun 19
*SUP 1: 119.59/58 Low Jun 18 / 200-dma
*SUP 2: 119.43 50.0% retracement of the May - Jun rally
*SUP 3: 119.02 2.0% 10-dma envelope
*SUP 4: 118.87 Low May 29
EURJPY traded lower for another session Thursday, testing the 200-dma. A bearish
focus remains in place following the reversal off 124.430 on Jun 5 with price
action continuing to retrace the strong rally between May 6 and Jun 5. A breach
of the 200-dma would reinforce the bearish condition and signal scope for
weakness towards 119.43, a Fibonacci retracement. Key near-term resistance is at
122.12, Tuesday's high.

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