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Still Vulnerable *RES 4: 117.94......>

EURO-YEN TECHS: Still Vulnerable
*RES 4: 117.94 High Apr 14
*RES 3: 117.50 High Apr 16
*RES 2: 117.19/22 20-day EMA / High Apr 22 and key resistance
*RES 1: 116.51 High Apr 27
*PRICE: 115.59 @ 06:08 BST Apr 29
*SUP 1: 115.51 Intraday low
*SUP 2: 115.37 0.765 projection of Mar 25 - Apr 2 decline from Apr 7 high
*SUP 3: 115.00 Round number support
*SUP 4: 114.85 Apr 2017 low
EURJPY edges lower. The cross remains vulnerable following last week's sell-off
and break of major support at 115.87, the Sep 3 2019 low and last year's low
print. The break of this level has reinforced the current bearish theme and also
represents an important technical breach, clearing the way for a move towards
115.37, a Fibonacci projection and 114.85, the Apr 2017 low. On the upside, firm
resistance is at 117.22, Apr 22 high.

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