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

EURO-YEN TECHS: Still Appears Vulnerable

*RES 4: 119.71 High Mar 31

*RES 3: 119.15 50-dma

*RES 2: 119.04 High Apr 1 and key near-term resistance

*RES 1: 118.82 High Apr 13

*PRICE: 117.37 @ 10:41 BST Apr 15

*SUP 1: 117.17 Low Apr 6

*SUP 2: 116.98 76.4% Apr 2 - Apr 7 recovery

*SUP 3: 116.35 Low Apr 02 and bear trigger

*SUP 4: 116.13 Low Mar 9 and key support

EURJPY traded sharply lower Monday and remains soft. The move lower follows last

week's failure at 119.04, Apr 7 high which is where the cross stalled. While

last week's gains are still potentially encouraging for bulls, price needs to

trade through 119.04 to trigger a resumption of strength. This would open

119.71, Mar 31 high. For now though, EURJPY appears vulnerable. Further weakness

would expose 116.98 and 116.35. Choppy!