The cross has also registered........>

EURO-YEN TECHS: The cross has also registered strong gains today. Price action

highlights two key technical developments:

- Firstly, the cross has cleared 76.4% of the Jan - Apr decline at 120.88.

- An ability to extend the climb above this Fibonacci level would increase the

odds of a 100% retracement back to 122.87, Jan 16 high.

- Secondly, the cross is approaching a key resistance at 121.15/40, the Mar 25

and Feb 20 highs respectively.

- Clearance of this zone would further strengthen the bullish case.

- Initial key trend support lies at today's intraday low of 119.62.

- Note, a strong close would suggest today's price pattern in candle terms is a

standard line. This is a continuation pattern and would further reinforce the

current trend condition.