Still Vulnerable *RES 3: 119.15......>

EURO-YEN TECHS: Still Vulnerable

*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: 116.79 @ 16:54 BST Apr 16

*SUP 1: 116.56 Low Apr 16

*SUP 2: 116.35 Low Apr 02 and bear trigger

*SUP 3: 116.13 Low Mar 9 and key support

EURJPY extended recent weakness into the Thursday session, falling well through

the 117 handle to hit levels not seen since Apr02. This exposes both the April

and March lows and keeps the outlook very fragile indeed. This follows last

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

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

open 119.71, Mar 31 high. Key support now lies at 116.35 and the 2019 low of

115.87.