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: 118.01 @ 04:27 GMT Aug 22

*SUP 1: 117.52 Low Aug 12 and bear trigger

*SUP 2: 117.33 1.00 Fibonacci projection of Apr 17-Jun 3 decline from Jul high

*SUP 3: 117.00 Psychological support and channel base drawn off the Apr 17 high

*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 to open the Aug 6 high of

119.88 and the psychological 120.00 level, and 120.05.