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Spared Extended Losses as BoJ Wade...>

EURO-YEN TECHS
EURO-YEN TECHS: Spared Extended Losses as BoJ Wade In
*RES 4: 118.76/82 50-dma / High Apr 13
*RES 3: 117.94 High Apr 14 and key near-term resistance
*RES 2: 117.50 High Apr 16
*RES 1: 117.22 High Apr 22
*PRICE: 116.43 @ 17:21 BST Apr 23
*SUP 1: 115.73 Multi-year Low
*SUP 2: 115.37 0.765 projection of Mar 25 - Apr 2 decline from Apr 7 high
*SUP 3: 115.00 Round number support
*SUP 4: 114.85 Apr 2017 low
The bearish case for the cross firmed Thurday as EURJPY broke to new multi-year
lows, bottoming out at 115.73. However, those looking for a protracted move
lower were left wanting as BoJ headlines propped up the price. Should the slide
resume, the Thursday sell-off opened 115.37, a Fibonacci projection and 114.85,
the Apr 2017 low. Resistance is at 117.22., the Wednesday high.

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