Still Vulnerable *RES 4: 119.71......>

EURO-YEN TECHS: Still 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: 117.42 @ 06:14 BST Apr 16

*SUP 1: 116.80 Low Apr 15

*SUP 2: 116.35 Low Apr 02 and bear trigger

*SUP 3: 116.13 Low Mar 9 and key support

*SUP 4: 115.87 Low 2019 and multi-year low

EURJPY traded sharply lower Monday and remained soft Wednesday. 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 116.35 and even the 2019 low of 115.87.