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EURO-YEN TECHS
EURO-YEN TECHS: Stalls Ahead Of Key Resistance
*RES 4: 125.49 0.618 projection of the May 6 - Jun 5 from Jun 22 low
*RES 3: 125.23 High May 1, 2019
*RES 2: 124.96 2.0% 10-dma envelope
*RES 1: 124.43 High Jun 5 and key resistance
*PRICE: 123.45 @ 06:45 BST Jul 24
*SUP 1: 123.06 Low Jul 22 and key intraday support
*SUP 2: 122.47 Low Jul 21
*SUP 3: 122.04 20-day EMA
*SUP 4: 121.82 Low Jul 15 and 16
EURJPY has found resistance at 124.29, Jul 22 high just ahead of the primary
resistance at 124.43, Jun 5 high. The key support to watch today lies at 123.06,
Jul 22 low. A break and more importantly a close below this level, would signal
a top and highlight the potential for a deeper correction. While the support
holds, the current uptrend remains intact. Clearance of 124.43 would trigger an
extension higher.

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