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Trendline resistance break needed....>

EURO-YEN TECHS
EURO-YEN TECHS: Trendline resistance break needed to extend downtrend:
*RES 3: 123.18 High Jun 11 and key resistance
*RES 2: 123.08 38.2% Fibonacci retracement of the Apr 17-Jun 3 decline
*RES 1: 122.25/47 Trendline resistance drawn off the Apr 17 high and intraday
high
*PRICE: 121.92 @ 08:50 GMT June 25
*SUP 1: 121.81 Intraday low
*SUP 2: 121.78/75 200-hma/100-hma
*SUP 3: 120.95/89 Low Jun 21/2% lower Bollinger band
*SUP 4: 120.78 Low Jun 13
EURJPY breached trendline resistance off the Apr 17 high, with a close below
122.25 needed for confirmation. This brings the 200 & 100-hma's back into view
at 121.78/75, ahead of a deeper correction towards the Jun 21 low. Today's
intraday high of 122.47 marks an important resistance. A break would again
signal a trendline break and reinforce the bullish engulfing reversal candle
from Jun 21.

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