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Toasts 200-dma *RES 3: 122.80........>

EURO-YEN TECHS
EURO-YEN TECHS: Toasts 200-dma
*RES 3: 122.80 1.382 projection of Sep 3 - Sep 13 rally from Oct 3 low
*RES 2: 122.32 High Jul 7
*RES 1: 121.55 Dec 12 high
*PRICE: 121.32 @ 17:22 GMT Dec 12
*SUP 1: 119.99 Low Dec 9
*SUP 2: 119.58 Low Nov 25
*SUP 3: 119.50/25 Channel base drawn off the Sep 3 low / Low Nov 14
The cross' bullish outlook strengthened further Thursday as markets tore through
both the 200-dma and the 121.48 bull trigger, raising near-term upside targets.
A positive theme has been in place since Nov 14. Price action has established a
bullish sequence of higher highs and higher lows with moving average studies
reinforcing a rising trend condition. Markets now target 122.32 and 122.80 over
the longer-term. Initial support is at 119.99, Dec 9 low ahead of 119.58, Nov 25
low.

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