Remains Offered *RES 3: 118.82.......>

EURO-YEN TECHS: Remains Offered

*RES 3: 118.82 High Apr 13

*RES 2: 117.94 High Apr 14 and key near-term resistance

*RES 1: 117.50 High Apr 16

*PRICE: 116.87 @ 17:00 BST Apr 21

*SUP 1: 116.22 Intraday low

*SUP 2: 116.13 Low Mar 9 and key support

*SUP 3: 115.87 Low 2019 and multi-year low

EURJPY returned to flat after trading lower for much of the morning. The cross

has traded below the initial key support at 116.35, Apr 2 low. The breach of

this level opens 116.13, Mar 9 low and 115.87, the 2019 low. A bearish focus

follows the recent pullback off the Apr 7 high of 119.04. Furthermore, moving

average studies are in a bearish position reinforcing the underlying weaker

outlook. Price needs to clear 119.04 to trigger a resumption of strength.

Initial resistance is at 117.50.