Still Eyeing Gains *RES 4: 122.61....>

EURO-YEN TECHS: Still Eyeing Gains

*RES 4: 122.61 High Jun 9

*RES 3: 122.47 61.8% retracement of the Jun 5 - 22 downleg

*RES 2: 122.12 High Jun 16 and key near-term resistance

*RES 1: 121.97 High Jul 6

*PRICE: 121.50 @ 16:57 BST Jul 7

*SUP 1: 120.61 Low Jul 3

*SUP 2: 120.26 Low Jul 1

*SUP 3: 119.81 Low Jun 26 and the 50-day EMA

*SUP 4: 119.31 Low Jun 22 and the bear trigger

EURJPY maintains a firmer tone although the cross remains below the Monday high

of 121.97. A bullish theme remains intact following the Jun 29 breach of 121.10,

Jun 23 high. The break higher confirmed a positive price sequence of higher

highs and higher lows signalling scope for a climb towards 122.12 next, Jun 16

high and the next key hurdle for bulls. On the downside, a move below 119.81,

Jun 26 low would dent the bullish outlook.