Straddles 118.00: *RES 4: 120.05.....>

EURO-YEN TECHS: Straddles 118.00:

*RES 4: 120.05 Low Jul 25

*RES 3: 119.88 High Aug 06

*RES 2: 119.59 High Aug 13 and key resistance

*RES 1: 118.98 High Aug 15

*PRICE: 118.18 @ 15:20 GMT Aug 21

*SUP 1: 117.52 Low Aug 12 and bear trigger

*SUP 2: 117.07 Bear channel base drawn off the Apr 17 high

*SUP 3: 117.00 Psychological support

*SUP 4: 116.47 Low Apr 21 2017

EURJPY continues to straddle the 118.00 level as the cross consolidates. The

underlying bearish trend remains intact and the focus is on the Aug 12 low of

117.52. This marks the trigger for a resumption of the bear trend. A break would

open 117.00 ahead of 116.47, the low of Apr 21, 2017. Clearance of 119.59, the

Aug 13 high is required to attract bullish interest and would open the Aug 6

high of 119.88 and the psychological 120.00 level and 120.05.