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Still Appears Heavy *RES 4:..........>

EURO-YEN TECHS
EURO-YEN TECHS: Still Appears Heavy
*RES 4: 118.83/119.04 50-dma / High Apr 1
*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: 116.76 @ 16:47 BST Apr 22
*SUP 1: 116.22 Low Apr 21
*SUP 2: 116.13 Low Mar 9 and key support
*SUP 3: 115.87 Low 2019 and multi-year low
*SUP 4: 115.37 0.765 projection of Mar 25 - Apr 2 decline from Apr 7 high
EURJPY traded lower Tuesday but rebounded off the day low. Despite this bounce,
a bearish threat is present. Yesterday, the cross traded below the 116.35, Apr 2
low. The breach of this level opens 116.13, Mar 9 low and 115.87, the 2019 low.
Clearance of this support zone would represent an important technical break. On
the upside, firm resistance is seen at 117.94, Apr 14 high.

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