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Trendline resistance key at the......>

EURO-YEN TECHS: Trendline resistance key at the close:
*RES 4: 123.75 High May 21
*RES 3: 123.18 High Jun 11 and key resistance
*RES 2: 123.81 38.2% Fibonacci retracement of the Apr 17-Jun 3 decline
*RES 1: 122.34 Trendline resistance drawn off the Apr 17 high
*PRICE: 122.26 @ 15:40 GMT June 24
*SUP 1: 121.92 Intraday low
*SUP 2: 121.61 100-hma
*SUP 3: 120.95 Low Jun 21
*SUP 4: 120.78 Low Jun 13
EURJPY pushed higher throughout the European and US sessions, taking out
trendline resistance at 122.34 in the process. A daily close above here would
mark an important bullish development and pave the way for fresh short-term
upside. Note too that Friday's price action confirmed a bullish engulfing
reversal candle pattern, reinforcing the current developing theme. Failure to
hold 122 brings the 100-hma back into view at 121.61.

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